The quantity of a good that producers are willing and able to sell.

relationship between the quantity demanded of a good and its price.

second-degree equation

A polynomial equation of the form a x2+bx+c=0.

The quantity of a good that consumers are willing and able to buy.

The highest possible financial gain from business activity.

are change in quantity of the good or service that a business provides.

The highest or lowest point on a parabola.

The price which goods are sold in big quantities to be retailed by others.

A hypothetical or generic product used in economic examples.

The graph of a quadratic function, a U-shaped curve.

it uses coordinates to show values for 2 variables for a set of data.

total of $ brought in a company's operations measured over a set amount.

The price at which goods are sold to the public.

A function whose graph is not a straight line.

Loss is equal to the cost price minus the selling price.

a domain refers to the set of all possible input values for a function.

correlation coefficient

a numerical measure of some type of linear correlation.

Estimating a value inside a set of data points.

is a term used in statistics to describe a type of data.

a change over time, a trend is described as being negative or positive.

A relationship where one variable is affected by another.

The quantities or symbols, which operations are performed by a computer.

that there is minimal relationship between the variables.

cause can be responsible for the effect and is partly dependent on cause.

A situation where gains and losses balance each other out.

The coefficient of the term with the highest degree in a polynomial.

The difference between the lowest and highest values.

Correlation coefficients whose magnitude are between 0.5 and 0.7.

transitive property of dependence

If variable A depends on B, and B depends on C, then A depends on C.

when their r value is larger than 0.7.

represents the relationship between variables in a scatterplot.

The financial gain from business activity after subtracting expenses.

a mathematical concept that correlates points scattered across a graph.

are costs that typically remain the same in price and frequency.

A relation where each input has exactly one output.

Loss is equal to the cost price minus the selling price.

statistical relationship between two random variables or bivariate data.

the response variable is dependent also known as the independent variable.

Estimating values outside the range of observed data points.

type of independent variable, a researcher manipulates or observes changes.

A change in the market equilibrium due to shifts in supply or demand.

data on 2 variables, where value a variable is paired with a variables.

company can use to predict the expenses with production and certain sale.

Another term for a second-degree equation.

linear regression line

a straight line that specifies a relationship between two variables.

A line that divides a figure into two mirror-image halves.

The highest point on the graph of a function.

The amount added to the cost price of goods to cover overhead and profit.

is a relationship between 2 variables,1 increases as the other decreases.

The formula x=2a−b±b2−4ac used to solve quadratic equations.

studbud

Duplicate of Page 64 Definitions

51 termsStudBud Administration2 plays

Imported from external platform

Flashcards51 cardsFPractice quizPHost liveL

Questions 51

Answers

1
supply
The quantity of goods consumed by buyers
The price at which a good is sold
The quantity of a good that producers are willing and able to sell.
The total demand for a good in the market
2
demand function
A graph showing the supply of a good at different prices
A calculation of the total revenue for a business
function that measures production costs
relationship between the quantity demanded of a good and its price.
3
second-degree equation
A polynomial equation of the form a x2+bx+c=0.
An equation representing a straight line
A linear equation with two variables
A function with only one term
4
demand
The price at which goods are sold in the market
The amount of money spent by consumers on goods
The total quantity of goods available for sale
The quantity of a good that consumers are willing and able to buy.
5
maximum profit
The lowest possible financial gain from business activity
The average financial gain over a period of time
The total revenue without considering expenses
The highest possible financial gain from business activity.
6
variable expenses
money on expenses
idk?
are change in quantity of the good or service that a business provides.
are costs that typically remain the same in price and frequency
7
vertex of a parabola
The point where the parabola intersects the x-axis
The highest or lowest point on a parabola.
The starting point of a parabola
The midpoint of the parabola's axis of symmetry
8
wholesale price
The final retail price including markup
The price at which goods are sold directly to consumers
The cost of producing a single unit of a good
The price which goods are sold in big quantities to be retailed by others.
9
widget
A measurement of distance in mathematics
A hypothetical or generic product used in economic examples.
A unit of currency used in transactions
A specific type of software program
10
parabola
The graph of a linear function
A line parallel to the x-axis
A circle on a coordinate plane
The graph of a quadratic function, a U-shaped curve.
11
Scatter Plot
variables are correlated, the points will fall along a line
it uses coordinates to show values for 2 variables for a set of data.
a scatter that always looks like an m
plot that's scattered
12
revenue
money for houses
idk
expenses involved in generating that revenue
total of $ brought in a company's operations measured over a set amount.
13
retail price
The price at which goods are purchased from manufacturers
The wholesale price minus the markup
The price at which goods are sold to the public.
The cost of producing goods
14
nonlinear function
A function that has a constant rate of change
A function whose graph is not a straight line.
A function that is represented by a straight line
A function that has only one possible output
15
loss
Loss is equal to the cost price minus the selling price.
idk
a person passing
Profit = Selling Price - Cost Price
16
revenue equation
way to solve for revenue.
idk
Sales divided Average Price of Service
same as revenue
17
domain
a specified sphere of activity or knowledge
a safe place for people
a domain refers to the set of all possible input values for a function.
an area of territory owned or controlled by a ruler or government
18
correlation coefficient
The sum of the products of x and y values
a numerical measure of some type of linear correlation.
A constant value used to multiply x-values
The difference between the maximum and minimum y-values
19
interpolation
the addition of something different in the middle of a text, music, etc
a remark interjected in a conversation
the insertion of something of a different nature into something else
Estimating a value inside a set of data points.
20
Univariate
statistics compare more than two variables
is a term used in statistics to describe a type of data.
regression is the most commonly utilized multivariate technique
measure the correlation between the amount of time spent on social media
21
Trend
data that doesn't follow any rules
trend are current or drift
a fashion
a change over time, a trend is described as being negative or positive.
22
Dependence
The measurement of the total output of a system
A relationship where variables are completely independent
The calculation of the average value of a variable
A relationship where one variable is affected by another.
23
Data
data duhhhh
The quantities or symbols, which operations are performed by a computer.
it is information in a form that can be processed by a computer
assumed as facts, making the basis of reasoning or calculation
24
weak correlation
A moderate correlation coefficient indicating a medium relationship
A correlation coefficient of zero
A high correlation coefficient indicating a strong relationship
that there is minimal relationship between the variables.
25
Casuality
a math formula
the opposite concept of change
cause can be responsible for the effect and is partly dependent on cause.
a death
26
zero net difference
The total sum of all positive differences in a data set
A situation where there are no changes in any variables
A condition where only gains are present
A situation where gains and losses balance each other out.
27
leading coefficient
The smallest coefficient in a polynomial
The coefficient of the constant term
The coefficient of the term with the highest degree in a polynomial.
The first number in a sequence of terms
28
range
place or arrange in a row or rows or in a specified order or manner
a set of different things of the same general type
the difference between wide and small scales
The difference between the lowest and highest values.
29
moderate correlation
A correlation coefficient of zero
Correlation coefficients whose magnitude are between 0.5 and 0.7.
A low correlation coefficient indicating a weak relationship
A high correlation coefficient indicating a strong relationship
30
transitive property of dependence
A property where each variable is only self-dependent
The relationship between two variables is directly proportional
If variable A is independent of B, then A is independent of C
If variable A depends on B, and B depends on C, then A depends on C.
31
strong correlation
A correlation coefficient of zero
when their r value is larger than 0.7.
A moderate correlation coefficient indicating a medium relationship
A low correlation coefficient indicating a weak relationship
32
least squares line
process of finding the best-fitting curve
represents the relationship between variables in a scatterplot.
a unique line that passes through the midst of a set of paired data
line of best fit for a set of data points
33
profit
The total revenue from selling goods or services
The financial gain from business activity after subtracting expenses.
The total cost of producing goods
The amount of money borrowed for business operations
34
line of the best fit
a mathematical concept that correlates points scattered across a graph.
predict corresponding variables for different situations
a line that fits the best on a graph
identifies points across a graph
35
fixed expressions
fixed money
when people fix thier facial expression
idk?
are costs that typically remain the same in price and frequency.
36
function
A relation where each input has exactly one output.
A process that converts input into multiple outputs
A graph with only horizontal lines
A set of equations that can be solved independently
37
breakeven point
a pain in relationship
Loss is equal to the cost price minus the selling price.
a method of evaluating how bad your algorithm models your dataset
Loss % refers to amount of positive incurred on any commodity in percentage
38
Positive Correlation
opposite of correlation
things that connect
a relationship between two variables that move in opposite directions
statistical relationship between two random variables or bivariate data.
39
Response Variable
is the variable that is manipulated by the researcher
Where a variable repsonds
the response variable is dependent also known as the independent variable.
not sure?
40
extrapolation
Estimating values outside the range of observed data points.
Estimating values within the range of observed data points
Calculating the median of all data points
Excluding outliers from a data set
41
Explanatory Variable
where the variable talks and explains
dependent variable
not sure?
type of independent variable, a researcher manipulates or observes changes.
42
equilibrium shift
A change in the market equilibrium due to shifts in supply or demand.
The difference between supply and demand
A static equilibrium point in the market
The process of reaching equilibrium without external changes
43
Bivariate Data
two datas
Scatter plots are a handy tool
data on 2 variables, where value a variable is paired with a variables.
2 important characteristics: shape, direction, and strength
44
expensive equation
expensive math
company can use to predict the expenses with production and certain sale.
equation of money
idk
45
quadratic equation
An equation with only linear terms
A cubic equation with three terms
A function that has no variable terms
Another term for a second-degree equation.
46
linear regression line
Y = a + bX
based on other variables
a straight line that specifies a relationship between two variables.
found across scattered points
47
axis of symmetry
A line parallel to the x-axis
A line that intersects the graph at the vertex
A line that divides a figure into two mirror-image halves.
A horizontal line dividing the y-axis
48
maximum value
The lowest point on the graph of a function
The point where the graph crosses the x-axis
The highest point on the graph of a function.
The average value of all points on a graph
49
markup
The final selling price of a good
The amount subtracted from the retail price
The amount added to the cost price of goods to cover overhead and profit.
A discount applied to the wholesale price
50
Negative Correlation
variables that correlate in tandem
is a relationship between 2 variables,1 increases as the other decreases.
statistical relationship between two random variables data in tandem
not sure
51
quadratic formula
The formula for solving linear equations
The formula used to calculate the slope of a line
The formula for finding the area of a circle
The formula x=2a−b±b2−4ac used to solve quadratic equations.

Duplicate of Page 64 Definitions Flashcards | StudBud