Financial Algebra Ch 1 Vocab

Front

Non-essential expense

Back

Discretionary Expense

Front

Income after taxes

Back

Disposable Income

Front

An expense that can't be eliminated from daily life

Back

Essential Expense

Front

Income before taxes are deducted

Back

Gross Income

Front

Sum of values in a data set divided by the number of values

Back

Mean

Front

Middle value of a data set

Back

Median

Front

Most frequent value in a data set

Back

Mode

Front

Value extremely different from others in a data set

Back

Outlier

Front

Distance from a value to the mean of a data set

Back

Deviation

Front

Avg of each value's deviation in a data set

Back

Mean Deviation