Grade 7 Unit 3 Vocabulary

What is the term for the following definition? The amount of money earned by an employee based on his or her total sales.

• commission

• salary

• bonus

• allowance

What is the term for the following definition? The probability of two or more events occurring.

• compound probability

• independent probability

• mutually exclusive probability

• conditional probability

What is the term for the following definition? Two (or more) events such that the outcome of one event affects the outcome of the other event(s).

• dependent events

• independent events

• mutually exclusive events

• random events

What is the term for the following definition? The decrease in the price of an item.

• discount

• tax

• interest

• commission

What is the term for the following definition? The ratio of the number of times an event occurs to the total number of trials.

• experimental probability

• theoretical probability

• relative frequency

• mean

What is the term for the following definition? The amount of money charged by a bank for borrowing money, or paid by a bank if money is kept in a bank account.

• interest

• deposit

• withdrawal

• balance

What is the term for the increase in the price of an item?

• markup

• discount

• rebate

• depreciation

What is one possible result from an experiment or a probability sample space called?

• outcome

• event

• trial

• variable

What is a ratio that compares a number to 100 called?

• percent

• fraction

• decimal

• quotient

What is the term for the percent a quantity increases or decreases compared to the original amount?

• percent of change

• rate of interest

• absolute value

• mean percentage