 | Term | Definition |
| |
compound interest |
interest calculated on both the principal and the accrued interest |
| |
cross products |
Cross multiply the means and extremes and put them equal to each other |
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base |
the base is used as a factor as many times as given by the exponenet |
| |
discount |
the amount by which the regular price of an item is reduced |
| |
experimental probability |
what actual occurs in a probability experiment |
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outcome |
possible results of a probability event |
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percent |
ratio that compares a number to 100 |
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percent equation |
an equivilent form of percent proportion where percent is written as a decimal |
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percent of change |
the ratio of increase or decrease of an amount to the original amount |
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percent of decrease |
the ratio in amount of decrease to the previous amount |
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percent of increase |
the ratio of amount of increase to the original amount |
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percent proportion |
one of the numbers called the part is being compared to the whole quanity called the base. |
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probability |
the ratio of the number of ways a certain event can occur to the number of possible outcomes. |
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proportion |
a statement of equality of two or more ratios |
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random |
without preference |
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rate |
a ratio of two measurements having different units |
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ratio |
a comparison of two numbers by division |
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sample |
a subgroup or subset of a population used to represent the whole population |
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sample space |
the set of all possibe outcomes |
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scale |
the relationship between the measurements on a drawing or a model and the measurements of a real object. |
| |
scale drawing |
a drawing that is used to represent an object that is too large or too small to be drawn at actual size. |
| |
scale factor |
the ratio of a length on a scale, drawing or model to the corresponding length on the real object. |
| |
scale model |
a model used to represent an object that is too large or too small to be built at actual size |
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simple event |
one outcome or a collection of outcomes |
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simple interest |
the amount of money paid or earned for the use of money. |
| |
theorhetical probability |
what should occur in a probability experiment |
| |
unbiased |
a sample that is representative of the larger population selected at random and large enough to provide accurate data |
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unit rate |
a rate simplified so that it has a denominator of one |
