It's an arithmetical multiplier for converting a quantity expressed in one set of units into an equivalent expressed in another.
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An empirical conversion factor.
The question cannot be answered because it is based on an incorrect understanding of a conversion factor. For example, the conversion factor for inches to millimetres is 25.4 mm = 1 inch. It never, ever has the value 1.
In mathematics, specifically algebra, a conversion factor is used to convert a measured quantity to a different unit of measure without changing the relative amount. There are 24 hours in a day, so hours = days x 24. The conversion factor for days to hours is 24.
It is the conversion factor between the measurement units.
It shows the relationship of factors to multiples. A factor times a factor equals a multiple of both of those factors.