In short PageRank is a vote by all the other pages on the web and about how important page is. A link to a page is counts as a vote of support.
Equation of PageRank is......
PR(A)=(1-d)+d(PR(T1)/C(T1)+…..+PR(Tn)/C(Tn))
The PageRank of a page depend upon the PageRank of a page pointing to it.
Once the PageRank calculations have settles down, the normalized probability distribution (the average PageRank for all pages) will be 1.0.
PageRank of different sites:
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An algorithm for constructing the convex hull
In Sanskrit, 'prameya' is the word for algorithm.
it is euclidean algorithm...