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Unit 9

Data Representations

TermDefinition
Bar graph a graphical representation to organize data that uses solid bars that do not touch each other and a scaled axis to show the frequency (number of times) that each category occurs
Box plot (box and whisker plot) a graphical representation showing the five-number summary of data (minimum, lower quartile, median, upper quartile, maximum)
Budget a monthly or yearly spending and savings plan for an individual, family, business, or organization
Categorical data data that represents the attributes of a group of people, events, or objects
Circle graph a circular graph with partitions (sections) that represent a part of the total
Comparative box plots a graphical representation that consists of at least two related box plots
Comparative dot plots a graphical representation that consists of at least two related dot plots
Data information that is collected about people, events, or objects
Dot plot a graphical representation to organize small sets of data that uses dots (or Xs) to show the frequency (number of times) that each number occurs
Expense payment for goods and services
Fixed expenses expenses that are consistent from month to month
Graph a visual representation of the relationships between data collected
Income money earned or received
Income tax a percentage of money paid on the earned wages of an individual or business for the federal and/or state governments as required by law
Inference a conclusion or prediction based on data
Mean average of a set of data found by finding the sum of a set of data and dividing the sum by the number of pieces of data in the set
Median the middle number of a set of data that has been arranged in order from greatest to least or least to greatest
Mode of numeric data most frequent value in a set of data
Numerical data data that represents values or observations that can be measured and placed in ascending or descending order
Payroll tax a percentage of money that a company withholds from its employees for the federal government as required by law
Population total collection of persons, objects, or items of interest
Positive rational numbers the set of numbers that can be expressed as a fraction , where a and b are counting (natural) numbers
Property tax a percentage of money collected on the value of a property for the local government as required by law
Qualitative a broad subjective description (e.g., the probability of an event occurring is certain, more likely, not likely, equally likely, or impossible.)
Quantitative a narrowed objective description associated with a quantity (e.g., the probability of selecting a consonant from the word EXPERIMENT is 1.5 times as likely as selecting a vowel from the same word, etc.)
Random sample a subset of the population selected without bias in order to make inferences about the entire population
Range the difference between the greatest number and least number in a set of data
Sales tax a percentage of money collected by a store (retailer), in addition to a good or service that was purchased, for the local government as required by law
Sample a subset of the population selected in order to make inferences about the entire population
Savings for college money saved for continuing education beyond high school
Savings for emergencies money saved for unexpected expenses (e.g., car repairs, emergency healthcare, etc.)
Savings for retirement money saved over the period of time an individual is employed to be spent once the individual retires from their occupation
Taxes money paid to local, state, and federal governments to pay for things the government provides to its citizens
Variable expenses expenses that vary in cost from month to month
Created by: acration
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