defintions- statistics

percentile rank- indicates the persentage of scores less than or equal to a particular score, is the proportion of scores in a distribution that a specific score is greater than or equal to.

normal curve- a graph resembling a bell-shaped curve

correlation coefficient- the relationship between two set of data

negative correlation- as one variable increases the other decreases or as one variable decreases so does the other

positive correlation- as one variable increases so does the other or as one variable decreases so does the other

r-value- correlation coefficiant

zero correlation- the variables have nothing to do with each other, so there is no relation between the two sets of data

definition- variation and formulas

relationship- in mathematics a relationship is a connection between two variable, changing the value of one of the variables changes the value of the other

variable- letter or symbol used to represent a quantity that can change

variation- a relationship between two variables which can be expressed as a formula a table of values or as a graph

direct variation- the relationship between two variables x and y with the form y=kx where k is a constant. a direct variation may be represented by a straight line graph which passes through the orgin.

constant of variation- the value of k in the direct variation formula y=kx. k is equal to the slope of the line when the variation is graphed

directly proportional- means the same as the varies directly

y varies directly as x- gives the formula y=kx for variation constant k

fixed cost- a cost that remains constant

partial variation- the relationship between two variables x an y with the form y=kx+f where k is the constant of variation and f is a fixed number. partial variation may be represented by straight line graph with slope k and which passes through the point(0,f)

variable cost- a cost that changes depending upon the amount of goods purchased

direct squared variation- a relationship between two variables which can be written in the form y=kx sq. where k is a constant. the shape of a graph showing variation will be curved the curve will begin at the orgin.

varies directly as the square- y varies directly as the square of x gives the formula y=kx sq. with constant of variaton,k

inverse variation- a relationship between two variables which can be written in the form y=k/x where k is a consant a graph showing this variation decreases as you move to the right along the horizontal axis.

definitons- prepareing income tax returns

marginal tax rate- the rate of tax paid on the last dollar of taxable income.

definitions investments

capital gain- money earned in an equity investment

capital loss- money lost in an equity investment

debt investment- an investment that involves lending money to a company

equity investment- an investment that involves part ownership in a company

canada deposit insurance corporation(CDIC)- a corporation that offers protection for certain investments in Canada finacial institutions

face value- value at the maturity date

maturity date- the date on which you can redeem your GIC, bond, or T-bill without penalty

term- length of an investment

portfolio- a selection of investments

definitions design and measurement

vanishing point- the point at which parallel lines appear to converge.

perspective- point of view

perspective drawing- a realistic view of an object that shows diminishing dimensions due to distance.

exploding view- a view showing how the components of an object fit together.

oblique view- a slanted or inclined view of an object.

constituent parts- the parts of an object that fit together to complete the whole object

Test on tuesday march 9th/2010

Definitions for Government Finances

Expenditures-money the government pays out for programs and services it provides.

Revenue-money the governement collects from taxes and other sources.

Deficit-the amount by which expenditures exceed revenue in a budget.

Surplus-the amount by which revenue is greater than expenditures in a budget.

Debt-an amount that is owed.

Definitions for Personal Finance

Benificiary-the person who will receive the insurance money when you pass away.

Insurer-the company providing the insurance.

Policy-a written contract or certificate of insurance.

Premium-how much you pay for an insurance policy(monthly, semi-monthly, or annually)

Amortization period-length of time in years that you will need to pay off a mortgage.

Equity-the portion of the value of your property that you own.

Interest-the cost of borrowing money.

Principal-the amount you initially borrow.

Unpaid balance-the portion of the value of your property owed to the financial institution.

Closed mortgage-a mortgage which does not allow payments on the principal.

Fixed-rate mortgage-a mortgage with the interest rate locked in for a specified period of time.

Open mortgage-a mortgage that allows additional payments on the principal.

Variable-rate mortgages-a mortgage where the interest rate may change from month to month.

Gross debt service ratio-a formula used by most financial institutions to determine whether or not you can afford the property you have selected.

Market value-the age and deterioration of the items are reflected in the appraisal.

Replacement value-with reference to insurance policies, it means stolen or damaged items are replaced with new items.

Tenant's package policy-insurance policy that protects renters from loss of contents of their rental units or personal belongings.

Metro-with reference to homeowner's insurance, this means a location within city limits.

Protected-with reference to homeowner's insurance, this means location within 300 metres of a fire hydrant.

Semi-protected-with reference to homeowner's insurance, this means a location within 8km from a firehall.

Unprotected-with reference to homeowner's insurance, this means a location more than 8km from a firehall.