1st 6 Weeks Review (Discrete-CP)

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What is the mode in a set of numbers?

Back

The mode is the number that appears most frequently in a data set.

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What is a budget?

Back

A budget is a plan that outlines expected income and expenses over a specific period.

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What are common monthly expenses to budget for?

Back

Common monthly expenses include rent, groceries, transportation, and utilities.

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What is a debit card?

Back

A debit card is a payment card that is linked directly to a checking account.

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What is a share in the context of business?

Back

A share is a unit of ownership in a company that can be bought and sold on the stock market.

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How do you calculate the mode from a data set?

Back

To calculate the mode, identify the number that appears most often in the data set.

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What is the purpose of budgeting?

Back

The purpose of budgeting is to manage finances effectively and ensure that expenses do not exceed income.

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What is the difference between a credit card and a debit card?

Back

A credit card allows you to borrow money up to a certain limit, while a debit card uses funds directly from your bank account.

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What does it mean to have a height percentile of 25%?

Back

It means that 25% of students are shorter than you, and 75% are taller.

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What is the significance of understanding expenses?

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Understanding expenses helps individuals make informed financial decisions and avoid overspending.