Financial Literacy Unit 1

Front

discretionary expenses

Back

costs for good and services that are wanted, but not needed

Front

essential expenses

Back

expenses for items that are needed or required for day-to-day life

Front

measures of central tendency

Back

data used to represent "typical values" in a data set; can help you understand the data and make better decisions

Tags

CCSS.6.SP.A.3

Front

gross income

Back

what you earn before deductions (such as taxes)

Front

disposable income

Back

what remains of your income after deductions such as taxes; the part of your income that you can spend as you wish

Front

data

Back

facts and numbers that can be analyzed to learn more about a situation

Tags

CCSS.6.SP.B.5B

Front

statistics

Back

using math to analyze data

Tags

CCSS.6.SP.B.5B

Front

mean

Back

the average or typical value of a specific set of data

Tags

CCSS.6.SP.B.5C

Front

median

Back

the middle score (in a set of data)

Tags

CCSS.6.SP.B.5C

Front

mode

Back

the most frequent score or choice (in a set of data)

Tags

CCSS.6.SP.B.5C