Discretionary/Essential Expenses Flashcard

Front

What are the Measures of Central Tendency?

Back

mean, median, mode

Front

What type of expense is Melissa's spending on chips and soft drinks during her trip to Publix?

Back

Discretionary Expense

Front

When you find the sum of the values by adding them all up, then divide the sum by the number of values in the data set this is called

Back

mean

Front

What type of expense is a 10% increase in rent due to a new security installation? Options: Discretionary, Essential, Disposable, Bimodal

Back

Essential

Front

What is math that involves collection, interpretation and analysis of numerical data in large quantities?

Back

statistics

Front

Your gross income helps determine your financial reliability, while your _____ can help you create your monthly budget. This is due to the fact it is your income after taxes are taken out. Some of these taxes include: Social Security tax, Health insurance, IRA, 401(k) or retirement fund contributions.

Back

disposable or net income

Front

Emma works at Target and has been asked by her boss to do extensive market research to see how much customers spend in the grocery department. What type of expense is this?

Back

Essential

Front

an extreme value in a data set that is either much larger or much smaller than all the other values

Back

outlier

Front

Is the amount of money left to spend and save after income tax has been deducted?

Back

disposable income

Front

Find the mean of this data set: 6, 8, 5, 5, 9, 8, 10, 8

Back

7.375