Financial Literature
What is a budget?
A plan to help you achieve your financial goals
Probability
A number from 1 to 100% to calculate how likely a event is going to happen
Bar Graph
a chart or graph that presents categorical data
Money someone owes
Simple Events
An event consisting of only one Outcome
Mode
Redeem
to exchange something, such as a coupon or lottery ticket for money
Compound event
Event consisting of 2 or more events
Mean
the sum of a collection of numbers divided by the count of numbers in the collection.
Rebate
an amount of money that is paid back to you because you have paid too much
Theoretical probability
The ratio of the number of equally likely outcomes in an event occurs to the total number of possible outcomes
Dot plot
a statistical chart consisting of data points plotted on a fairly simple scale,
Easy access loan
Quick but expensive loans that get fast money but extremely high interest.
Experimental probability
The ratio of the number of times the event occurs to the total number of trials
Lower Quartile
the value of the middle of the first set