61-75 vocab math 2011
Terms in this set (15)
A terminating decimal is a decimal with a finite number of digits.
An event that is sure to occur and has a probability of 1.
Commission is pay that is equal to a percent of sales.
The complement of an event is the opposite of that event. The probability of an event plus the probability of its complement equals 1.
Cross products are products formed from a proportion. They are the product of the numerator of the first ratio and the denominator of the second ratio, and the product of the denominator of the first ratio and the numerator of the second ratio. For a proportion, these products are equal.
A discount is the amount by which a price is decreased.
An event is any outcome or group of outcomes.
An event that will never occur and have the probability of 0.
Indirect measurement is a method of determining length or distance without measuring directly.
Markup is the amount of increase in price. Markup is added to the cost of merchandise to arrive at the selling price.
Odds are a ratio that describe the likelihood of an event.
Outcomes are the possible results of an action.
A percent is a ratio that compares a number to 100. The symbol for percent is %.
percent of change
Percent of change is the percent something increases or decreases from its original amount.
Experimental probability is based on experimental data.