The a________ error of a measurement is half of the smallest unit on the measuring device.
absolute
A__________ is an increase in the value of an asset over time.
appreciation
Data that is not a number is called c_________ data.
categorical
In direct or inverse variation, the number in the equation that does not vary (chage) is called the __________ of variation (or proportion).
constant
A dividend ______ is the dividend expressed as a percentage of the current share price.
yield
_______ pay is the total income per pay period (i.e. weekly, fortnightly, monthly). This is the amount before any deductions have been made.
Gross
The smallest unit is called the p_________ of the device.
precision
A b________ is a direction from one point on the Earth’s surface to another.
bearing
C______ bearings are specified as angles either side of north or south. I.e. N50°E
Compass
Depreciation is a ___________ in the value of an asset over time.
decrease
A ____-number summary is a method for summarising a dataset using ____ statistics: the minimum value, the first quartile, the median, the third quartile and the maximum value.
five
The __________ of an event refers to when the event does NOT occur.
complement
An a________ is a compound interest investment from which payments are made or received on a regular basis for a fixed period of time.
annuity
B_________ data is data relating to two variables that have both been measured on the same set of items or individuals.
Bivariate
The height of a participant is called c___________ data
continuous
The _______ space of a chance experiment is the set of all possible outcomes for that experiment.
sample
Str_________ sampling involves dividing the population into separate groups. A random sample is then taken from each group in an equivalent proportion to the size of that group in the population.
stratefied
The b____-e___ point is the point at which income and cost of production are equal.
break-even
A __________ is a group or system of interconnecting objects which can be represented as a diagram of connected lines (called edges) and points (called vertices).
network
E___________ occurs when the fitted model is used to make predictions using values that are outside the range of the original data upon which the fitted model was based on in a set of bivariate data.
Extrapolation
Least-squares r__________ is a method for finding a straight line that summarises the relationship between two variables, within the range of the dataset.
regression
A __________ of a share is a sum of money paid by a company to its shareholders out of its profits.
dividend
The _____ value of an investment or annuity is the total value of the investment at the end of the term of the investment, including all contributions and interest earned.
future
A ____________ variable within a statistical model is one whose value is determined by that of another. It is represented on the vertical axis of a scatterplot.
dependent
The _________ distribution is a type of continuous distribution where the mean, median and mode are equal and the scores are symmetrically arranged either side of the mean. The graph of a _________ distribution is often called a ‘bell curve’ due to its shape.
normal
An _________ in a dataset is a data value that appears to be inconsistent with the remainder of that dataset.
outlier
The __________ value of an investment is the single sum of money (or principal) that could be initially invested to produce a future value over a given period of time.
present
The ____________ range is a measure of the spread within a numerical dataset. It is equal to the difference between the upper quartile and the lower quartile
.
interquartile
An e_____ is a set of outcomes for a random experiment.
event
Allowable ____ deductions are expenses incurred that are related to your job and profession and can be deducted from your salary to obtain your taxable income.
tax