MDF Mid-Term Review 2023

Your income before all taxes are deducted.

• Mean

• Gross Income

• Essential Expense

• Disposable Income

Income remaining after taxes are removed from the amount.

• Discretionary Expense

• Outlier

• Disposable Income

• Essential Expense

An expense that can't be eliminated from your day-to-day life.

• Discretionary Expense

• Gross Income

• Disposable Income

• Essential Expense

A cost for goods or services that are nonessential.

• Discretionary Expense

• Statistics

• Gross Income

• Gross Income

A branch of mathematics that involves the collection, organization, study, interpretation, analysis, and reporting of data.

• Mode

• Outlier

• Median

• Statistics

The most frequently occurring item(s).

• Mean

• Median

• Mode

• IQR

A piece of data that is extremely different from the rest of the data.

• Mean

• IQR

• Mode

• Outlier

A table that displays each value and its frequency.

• Normal Distribution

• Cumulative Frequency

• Frequency Distribution

• Relative Frequency

A ratio of the frequency of a particular interval to the total number of pieces of data collected.

• Relative Cumulative Frequency

• Cumulative Frequency

• Relative Frequency

• Frequency Distribution

A running total of all frequencies that are less than or equal to the frequency of that particular interval.

• Relative Cumulative Frequency

• Cumulative Frequency

• Relative Frequency

• Frequency Distribution