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61-75 vocab math 2011
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Terms in this set (15)
Terminating decimal
A terminating decimal is a decimal with a finite number of digits.
Certain event
An event that is sure to occur and has a probability of 1.
Commission
Commission is pay that is equal to a percent of sales.
Complement
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
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.
Discount
A discount is the amount by which a price is decreased.
event
An event is any outcome or group of outcomes.
impossible event
An event that will never occur and have the probability of 0.
Indirect measurement
Indirect measurement is a method of determining length or distance without measuring directly.
markup
Markup is the amount of increase in price. Markup is added to the cost of merchandise to arrive at the selling price.
odds
Odds are a ratio that describe the likelihood of an event.
outcomes
Outcomes are the possible results of an action.
percent
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.
probability
Experimental probability is based on experimental data.
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