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Financial Algebra

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
outlier   a piece of data which is extremely different than the rest of the data  
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skew   when the mean of a data set is not equal to the median  
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range   a measure which shows dispersion (how spread out the data are)  
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interquartile range   the range of the middle 50% of the numbers  
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quartiles   three values represented by Q1, Q2, and Q3 which divide the distribution into four subsets that each contain 25% of the data  
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personal injury protection   sometimes mandatory coverage that pays for any physical injuries you or your passengers sustain while in the vehicle, even if you are not involved in a traffic accident  
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deductible   the amount that the policy owner must pay before the insurance company pays any money  
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property damage liability (PD)   pays for damage you cause to other people's property  
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actuary   insurance statisticians who predict how often customers will submit claims  
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collision insurance   pays you for the repair or replacement of your car if it's damaged in a collision with another vehicle or object, or if it overturns, no matter who is at fault  
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Created by: akominiarek
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