The refractive index (n) of a medium is a dimensionless quantity that describes how fast light travels through the medium. It is defined as the ratio of the speed of light in vacuum (c₀) to the speed of light in the medium (v). Air is often used as an approximation for vacuum, so if the speed of light in air is represented by c and the speed in the medium is v, the refractive index is given by n = c / v.