Probability Vocabulary
Define likelihood
What is the chance that something will happen?
Define budget
What is a plan to help you reach your financial goals
What is a dot plot
What is a dot chart or dot plot is a statistical chart consisting of data points plotted on a fairly simple
What is Compound events
What is a event that is made of two or more simple events
Define Principal
What is the initial amount of money borrowed or saved in your account
Define Bar Graph
What is a bar graph can be defined as a chart or a graphical representation of data, quantities or numbers using bars
Define theatrical probability
What is the ratio of the numbers of equally likely outcomes in an event to the total numbers all outcomes?
Define interest rate
What is the percent charged or earned on an amount of money
Define box plot
what is in descriptive statistics, a box plot or box plot is a method for graphically
Define experimental probability
What is the ratio of the number of times an event occurs tot he total number of trails
What is APR
Annual percentage rate is the interest set to be paid back on a loan
What is a sample
What is a sample is a try or part of something you can use