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Discretionary Expenses Flashcards | StudBud
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Discretionary Expenses
Discretionary Expenses
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Math for Data and Financial Literacy Vocabulary Words
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1
The ratio of the cumulative frequency of an interval to the total number of pieces of data collected
Relative cumulative frequency
Cumulative frequency
Spreadsheet
Relative frequency
2
Mean, Mode, Median
Data
Index
Measures of dispersion
Measures of central tendencies
3
A running total of all frequencies that are less than or equal to the frequency of that particular interval
Relative cumulative frequency
Cumulative frequency
Spreadsheet
Relative frequency
4
The intersection of a column and a row in a spread sheet where data or labels are entered
Cell
Range
Index
Data
5
Small numbers usedto indicate position in a data
Index
Bimodal
Subscript
Outlier
6
A Counter
Bimodal
Subscript
Outlier
Index
7
An electronic worksheet where data is entered into cells that cantain numbers, words, or formulas
Index
Data
Spreadsheet
Frequency
8
A number comparing data that indicates what percent of the total frequency total appear at or below a particular number
Median
Percentile
Relative frequence
Range
9
A person's income before all taxes are deducted
Disposable Income
Essentyial expense
Gross income
Discretionary Expense
10
The middle number when numbers are arranged in assending or decending order.
Mean
Median
Range
Mode
11
Numbers in a data set that are extreme values
subscripgt
Index
Outlier
Outlier
12
Cost of goods or services that are non essential.
Gross income
Essential expense
Discretionary Expense
Disposable Income
13
A data set that has two modes
Subcript
Outlier
Index
Bimodal
14
Often refered to as average; the sum of all the numbers in the data divide bythe number of elements in the data.
Mean
Mode
Median
Range
15
Describes a situation in which the mean of the data set is not equal to the median
Normal distribution
Skewed data set
Frequency distribution
Cumulative frequency
16
The most often occuring value in a data set.
median
mode
mean
range
17
Mathematics that deals with collection, analysis, and interpretation of data
Statistics
Mode
Mean
Median
18
Expenses that cannot be eliminated from a person's day to day life.
Essential Expenses
Variance
Disposable income
Gross income
