Important Prelim Terms Flashcards

1
Q

How can a graph be misleading?

A
  • no scale
  • uneven scale
  • not showing the correct position of zero
  • only showing part of the scale
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2
Q

Categorical data

A

represented by quantities, words, or symbols

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3
Q

Numerical data

A

represented by quantities or numbers

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4
Q

Nominal data

A

cant be ordered

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5
Q

Ordinal data

A

can be ordered

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6
Q

Discrete data

A

counted separate values, gaps

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7
Q

Continuous data

A

smooth scale, no gaps

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8
Q

Sampling

A
  • surveys a representative group of items from a population
  • provides an estimate for approximate info about population
  • simple and not expensive
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9
Q

Census

A
  • surveys all items in pop
  • provides exact info
  • complex and expensice
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10
Q

systematic sample

A

a system is used to select items

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11
Q

stratified sample

A

population divided into characteristics, random sample from each

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12
Q

self selected sample

A

people choose to participate

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13
Q

class centre

A

the centre of a class interval (average of that category)

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14
Q

Histogram

A
  • no gaps between columns

- half a column ap at the start

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15
Q

medicare

A

2% but normally will be specified

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16
Q

law of averages

A

as number of trials increases the relative frequency becomes closer to the theoretical probability

17
Q

VAT

A

another word for GST in other countries

18
Q

annual leave loading

A

holiday pay

usually 17.5% of 4 week salary

19
Q

Government allowances and pensions

A

make sure to always check the criteria and make sure the individual fits

20
Q

net pay

A

amount remaining after tax and other deductions

21
Q

gross pay

A

the amount a person earns

22
Q

allowable taxable income

A

if money is used for work-related purposes, donating to charity etc. this money is not taxed. The remaining amount is known as taxable income

23
Q

when working out GST questions involving working out original price

A

treat it as more than 100 as 100 is original price

e.g. 35 divided by 110% times by 100 gives you 100%

24
Q

sample space

A

all possible outcomes