Financial Literacy Unit 1 Section 1

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Across
  1. 3. The middle number when numbers are in ascending or descending order.
  2. 5. A set of data that has two modes.
  3. 9. income, A person’s income before all taxes are deducted.
  4. 11. Mathematics that deals with the collection, analysis, and interpretation of data.
  5. 13. data set, Describes a situation in which the mean of the data set is not equal to the median.
  6. 15. expense, Costs for goods or services that are nonessential.
Down
  1. 1. income, What remains of income after taxes are deducted; used for two types of expenses: essential expenses and discretionary expenses.
  2. 2. A set of numbers.
  3. 3. of central tendency, Single indicators, such as the mean, median, and mode, designed to represent a “typical” value for the data. The mean and the median are numeric while the mode can be a non-numerical value.
  4. 4. The most often occurring value in a data set; there can be more than one mode or no modes at all. It does not have to be numerical.
  5. 6. distribution, A table that lists each piece of data in the set and the frequency, or the number of times that it appears in the data set.
  6. 7. Often referred to as average; the sum of all the numbers in a data set divided by the number of elements in the data set.
  7. 8. expense, Expense that cannot be eliminated from a person’s day-to-day life; might include rent or mortgage payments, utility bills, medical expenses, food, loan payments.
  8. 10. Small numbers used to indicate position in a data set such as to name quartiles, or in a list of numbers.
  9. 12. Numbers in a data set that are extreme values; calculate outliers in a data set by multiplying 1.5 times the IQR; subtract this product from Q1 to compute the boundary for lower outliers and add this value to Q3 to compute the boundary for upper outliers.
  10. 14. A counter.