Bus mAth

Question 1

A spreadsheet and a graphing and database management tool.

Answer 1

Microsoft Excel

Question 2

From the EXCELL BUTTON, press EXCEL OPTIONS, found the dialogue box

Answer 2

STEPS TO INSTALL DATA ANALYSIS
IKA 1.

Question 3

a new winodw will appeae. press ADD INS on the first columnx then press GO.

Answer 3

IKA 2

Question 4

Highlight STATISTICAL TOOLPAK-VBA, then press Go

Answer 4

Steps
3.

Question 5

Allow excell to install data analysis in less yhan a minute

Answer 5

Step 4

Question 6

If properly installed, DATA ANALYSIS is now available from DATA

Answer 6

step 5

Question 7

What is a measure of central tendency?

Answer 7

A measure of central tendency is a single value that attempts to describe a set of data by identifying the central position within that set of data.

Question 8

What are measures of central tendency sometimes called?

Answer 8

Measures of central tendency are sometimes called measures of central location.

Question 9

How are measures of central tendency classified?

Answer 9

They are classed as summary statistics.

Question 10

it may or may not be an actual score in the data
easily affected by highest and lowest scores

Answer 10

Mean

Question 11

what is the symbol of mean?

Answer 11

–
x

Question 12

middle entry of an ORDERED LIST OF DATA

Answer 12

Median

Question 13

symbol of median

Answer 13

~
x

Question 14

The most frequently occurring entry

Answer 14

mode

Question 15

symbol of mode

Answer 15

x

Question 16

a value that is used to descrube ghe spread of a set of data.

Answer 16

Measure of variability

Question 17

the difference between the highest and the Lowest entry

Answer 17

range

Question 18

formula of range

Answer 18

Range = He-Le

Question 19

points which divide the set of data into four equal parts. there are Q1, Q2, Q3

Answer 19

Quartile

Question 20

difference between the 3rd and 1st quartile
wrn Q1 is median of lower half
Q2 median of the upper

Answer 20

IQR

Question 21

Formula sa IQR

Answer 21

iqr= Q3- Q1

Question 22

the average of the squared deviation of every score of the mean

Answer 22

Variance(s²)

Question 23

the principal square root of the variance. It measure the difference of every score from the mean. it is the most important measure of spread.

Answer 23

STANDARD DEVIATION (SD)

Question 24

if the satmdard deviation is ___, then the values are far form the mean

Answer 24

Large

Question 25

if the sd is small, then the ____ from the mean

Answer 25

near

Question 26

shows variation relative to the mean.

Answer 26

Coefficient of variation (Cv)

Question 27

formula sa cv

Answer 27

Cv= Sd ___. × 100% - x

Question 28

compensation uysually quoted annualy or monthly

Answer 28

salary

Question 29

compensation quoted in an hourly or daily rate for an employee

Answer 29

WAGE

Question 30

money that an individual receives in exchange for providing a good or service or through investing capital

Answer 30

INCOME

Question 31

employee compensation given by an employer on top of the basic salary or wage.

Answer 31

Benefit

Question 31

TYPES OF INCOME

Answer 31

1. ACTIVE INCOME . PASSIVE INCOME -

Question 32

when you do the work and are paid for that work. if you do nothing, you will no longer be paid.

Answer 32

ACTIVE INCOME

Question 32

when the payment is not directly tied to active work. It is usually front – loaded with active work and gets paid with small amount, while the bulk of income comes later

Answer 32

PASSIVE INCOME

Question 33

the total amount earned before deductions are made

Answer 33

Gross Income

Question 34

difference between gross income and deductions.

Answer 34

net Income