Quarter 2 (Unit 3,4,5) Vocabulary

Fill in the blank: The amount of money earned by an employee based on his or her total sales is called ________.

• commission

• salary

• bonus

• allowance

Fill in the blank: ________ are two or more simple events.

• compound event

• independent event

• mutually exclusive event

• random event

Fill in the blank: The probability of two or more events occurring is called ________.

• compound probability

• simple probability

• mutually exclusive probability

• conditional probability

Fill in the blank: Two (or more) events such that the outcome of one event affects the outcome of the other event(s) are called ________.

• dependent events

• independent events

• mutually exclusive events

• random events

Fill in the blank: The decrease in the price of an item is called a ________.

• discount

• tax

• fine

• interest

Fill in the blank: A desired outcome or group of outcomes is called an ________.

• event

• experiment

• sample space

• probability

Fill in the blank: The ratio of the number of times an event occurs to the total number of trials is called ________.

• experimental probability

• theoretical probability

• relative frequency

• mean

Fill in the blank: Two (or more) events such that the outcome of one event does not affect the outcome of the other event(s) are called ________.

• independent events

• dependent events

• mutually exclusive events

• complementary events

Fill in the blank: The amount of money charged by a bank for borrowing money, or paid by a bank if money is kept in a bank account, is called ________.

• interest

• deposit

• balance

• withdrawal

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

• markup

• discount

• revenue

• cost