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Last updated 11:59 PM on 8/12/26
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63 Terms

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Term

Definition

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Categorical Data

Data that describes qualities/categories (nominal = no order, ordinal = has order). E.g. favourite colour (nominal), school grade A-E (ordinal)

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Numerical Data

Data that is counted or measured (discrete = countable, continuous = measured on a scale). E.g. number of siblings (discrete), height in cm (continuous)

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Frequency Table

A table showing how often each value or class interval occurs. E.g. tally the number of students scoring in each mark range

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Histogram

A graph of grouped numerical data using bars with no gaps, area proportional to frequency. E.g. display distribution of exam scores across mark ranges

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Precision

The smallest unit of measurement an instrument can measure to. E.g. a ruler marked in mm has a precision of 1mm

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Accuracy

How close a measurement is to the true value. E.g. a scale reading 50.1kg for a true 50kg mass is accurate

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Absolute Error

Half the precision of a measuring instrument; = 1/2 x precision. E.g. a ruler measures to the nearest mm, so absolute error = 0.5mm

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Upper/Lower Bound

Measurement ± absolute error; the range the true value could lie in. E.g. a length measured as 12cm (nearest cm) has bounds 11.5-12.5cm

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Converting Units

Changing between metric units (length, area, volume, mass) using conversion factors. E.g. convert 2.5m² to cm² (multiply by 10,000)

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Formula Substitution

Replacing pronumerals in a formula with given values to calculate a result. E.g. substitute r=5 into V=(4/3)πr³ to find volume

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Rearranging Formulae

Changing the subject of a formula to solve for a different variable. E.g. rearrange FV=PV(1+r)^n to make PV the subject

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Gross Income

Total income earned before deductions (tax, super, etc.). E.g. calculate gross weekly income from an annual salary

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Net Income

Income remaining after deductions like tax are taken out. E.g. calculate net pay after PAYG tax is withheld

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Wage vs Salary

Wage = paid per hour/piece worked; Salary = fixed annual amount regardless of hours. E.g. a casual retail worker earns a wage; a teacher earns a salary

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Overtime Pay

Extra pay (often time-and-a-half or double-time) for hours beyond normal shift. E.g. calculate pay for 3 hours overtime at time-and-a-half

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Commission

Payment based on a percentage of sales made. E.g. calculate a salesperson's pay earning 5% commission on $10,000 sales

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PAYG Tax / Tax Brackets

Progressive tax system where different portions of income are taxed at different rates. E.g. calculate tax payable using the ATO tax bracket table

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Mean

The average of a data set; sum of values divided by number of values. E.g. find the mean test score of a class

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Median

The middle value of an ordered data set. E.g. find the median house price in a suburb

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Mode

The most frequently occurring value in a data set. E.g. find the mode shoe size sold in a store

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Range

Highest value minus lowest value. E.g. find the range of daily temperatures over a week

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Interquartile Range (IQR)

Q3 − Q1; the spread of the middle 50% of data, less affected by outliers than range. E.g. compare spread of two data sets using IQR

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Standard Deviation

A measure of how spread out data is from the mean. E.g. compare consistency of two students' test scores using standard deviation

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Outlier

A score less than Q1 − 1.5xIQR or more than Q3 + 1.5xIQR. E.g. identify an unusually high test score in a data set

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Box Plot (Five-Number Summary)

Displays minimum, Q1, median, Q3, maximum of a data set. E.g. compare distributions of two classes' test results using box plots

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Budget

A financial plan tracking income and expenses over a period to manage money. E.g. create a monthly budget balancing income against rent, food, bills

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Fixed vs Variable Expenses

Fixed = same amount each period (rent); Variable = changes each period (groceries). E.g. classify household expenses as fixed or variable when budgeting

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Relative Frequency

Frequency of an event divided by total number of trials; estimates probability. E.g. estimate probability of rolling a 6 based on 100 trial results

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Theoretical Probability

P(event) = number of favourable outcomes / total possible outcomes, based on reasoning not trials. E.g. calculate probability of drawing an ace from a standard deck

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Complementary Events

P(not A) = 1 − P(A). E.g. find probability it does NOT rain given 30% chance of rain

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Two-Way Tables

A table showing frequencies for two categorical variables to calculate probabilities. E.g. find probability a student is both male and plays sport from survey data

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Simultaneous Equations (Substitution)

Solving two equations by substituting one into the other to find a common solution. E.g. find where two cost/revenue lines intersect (break-even point)

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Simultaneous Equations (Graphical)

Solving two equations by finding the intersection point of their graphs. E.g. graph supply and demand lines to find equilibrium price

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Non-Right-Angled Trig: Sine Rule

a/sinA = b/sinB = c/sinC; finds unknown sides/angles in any triangle. E.g. find a distance across a lake using two angles and one side

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Non-Right-Angled Trig: Cosine Rule (Side)

c² = a² + b² − 2ab cosC; finds a side given two sides and included angle. E.g. find distance between two ships given their bearings and distances travelled

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Non-Right-Angled Trig: Cosine Rule (Angle)

cosC = (a²+b²−c²)/2ab; finds an angle given all three sides. E.g. find the angle of a triangular paddock given all three side lengths

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Area of a Triangle (Trig)

A = (1/2)ab sinC; area using two sides and the included angle. E.g. find area of a triangular block of land given two sides and an angle

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Bearings

Direction measured clockwise from true north, given as a 3-digit angle. E.g. describe the direction a hiker walks from camp to a lookout

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Non-Linear Relationships: Parabola

y = ax² + bx + c; a U-shaped graph, used to model quantities like projectile height. E.g. model the height of a ball thrown in the air over time

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Non-Linear Relationships: Exponential

y = a(b)^x; models growth or decay that changes by a constant percentage. E.g. model population growth or radioactive decay

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Non-Linear Relationships: Hyperbola

y = a/x (inverse relationship); one variable increases as the other decreases. E.g. model the relationship between speed and travel time for fixed distance

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Normal Distribution

A symmetric bell-shaped distribution of continuous data around the mean. E.g. model heights of adults in a population

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68-95-99.7 Rule

~68% of scores within 1 SD of mean, ~95% within 2 SD, ~99.7% within 3 SD. E.g. estimate percentage of population within a height range

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Z-Score

z = (x−μ)/σ; measures how many standard deviations a score is from the mean. E.g. compare a student's result to the class average using standard deviation

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Rate

A comparison of two quantities with different units. E.g. calculate speed in km/h from distance and time

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Ratio

A comparison of two quantities with the same units, simplified to whole numbers. E.g. divide a mixture of concrete in a 1:2:3 ratio of cement, sand, gravel

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Unit Rate

A rate expressed with a denominator of 1, used to compare prices/value. E.g. compare unit price ($/100g) of two different sized grocery items

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Network (Graph Theory)

A diagram of vertices (points) connected by edges (lines), representing a system. E.g. model a road network connecting towns as vertices and edges

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Weighted Network

A network where each edge has a value (weight) representing cost, time, or distance. E.g. model travel times between cities on a road network

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Shortest Path

The minimum total weight path between two vertices in a network. E.g. find the fastest delivery route between a warehouse and store

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Minimum Spanning Tree

A subgraph connecting all vertices with minimum total edge weight and no cycles. E.g. find cheapest way to connect all houses in an estate to power

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Critical Path Analysis

A project planning method identifying the sequence of tasks that determines minimum completion time. E.g. determine the minimum time to complete a building project

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Activity Chart / Network Diagram

Shows tasks, their durations, and dependencies (which tasks must finish before others start). E.g. draw a network diagram for stages of manufacturing a product

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Float / Slack Time

The amount of time a non-critical task can be delayed without affecting the project finish date. E.g. determine how much a task can be delayed without delaying the whole project

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Critical Path

The longest path through a network diagram; determines the minimum project completion time. E.g. identify which tasks cannot be delayed without delaying the whole project

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Simple Interest

I = PRN; interest calculated only on the original principal. E.g. calculate interest earned on a simple interest savings account

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Compound Interest / Future Value

FV = PV(1+r)^n; interest calculated on principal plus previously earned interest. E.g. calculate the value of an investment compounding annually over 10 years

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Flat Rate Loan Interest

Interest calculated on the original loan amount for the entire loan term. E.g. calculate total interest on a personal loan charged at a flat rate

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Reducing Balance Loan

Interest calculated on the remaining loan balance, which decreases with each repayment. E.g. calculate interest on a home loan where repayments reduce the balance owed

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Annuity

A series of equal regular payments made or received at regular intervals, often earning compound interest. E.g. calculate the future value of regular monthly contributions to a retirement fund

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Future Value of an Annuity

The total value of a series of regular payments plus interest at the end of the term. E.g. calculate total savings after making $200 monthly deposits for 5 years

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Present Value of an Annuity

The lump sum today that is equivalent to a series of future regular payments. E.g. calculate the lump sum needed today to fund fixed withdrawals over 10 years