Friday, May 28, 2010

Chapter 5- Vocabulary

-Marginal Tax Rate: The rate of tax paid on the last dollar of taxable income

Monday, May 17, 2010

Vocabulary - Chapter 6 - Variation and Formulas

Relationship: In mathematics a relationship is a connection between two variables; changing the value or one of the variables changes the value of the other

Variable: Lette 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 origin (0,0)

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 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 and y with the form y=kx + F where k is the constant of variation and F is a fixed number. A partial variation may be represented by a 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 puchased

Vertical Intercept: The value where a graph touches or crosses the vertical axis

Direct Squared Variation: A relationship between two variables which can be written in the form y=kx squared where k is the constant. The shape of a graph showing this variation will be curved. The curve will begin at the origin

Varies directly as the square: Y varies directly as the square of x gives the formula y=kx squared with the constant of variation, k.

Inverese Variation: A relationship between two variables which can be written in the form y= k divided by x where k is a constant. A graph showing this variation decreases as you move to the right along the horizontal axis

Wednesday, April 21, 2010

Chaper 8- Vocabulary

Percentile rank: Indicates the percentage 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

Histogram: A graph that displays the frequency of data

Normal distribution: The frequency distribution of the normal curve

Correlation coefficient: The relationship between two sets of data

Negative correlation: As one variable increases the other decreases, or as one variable decreases the other increases

Positice correlation: As one variable increases so does the other, or as one variable decreases so does the other

R-value: Correlation coefficient

Zero Correlation: The variables have nothing to do with each other, so there is no relation between the two sets of data

Monday, April 19, 2010

Vocabulary- Chapter 6

Relationship: In mathematics a relationship is a connection between two variables; 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 origin

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 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 and y with the form y= kx + F where k is the constant of variation and F is a fixed number. A partial variation may be represented by a straight line graph with slope k and which passes through the point

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 squared where k is a constant. The shape of a graph showing this variation will be curved. The curve will begin at the origin.

Varies directly as the square: Y varies directly as the square of x gives the formula y= kx squared with constant of variation, k.

Inverse variation: A relationship between two variables which can be written in the form, where k is a constant. A graph showing this variation decreases as you move to the right along the horizontal axis.

Friday, February 26, 2010

Vocabulary- Chapter 5

Marginal Tax Rate: The rate of tax paid on the last dollar of taxable income

Vocabulary- Chapter 4

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 investnent: An investment that involves part ownership in a company

Canada Deposit Insurance Corporation: A corporation that offers protection for certain investments in Canadian financial 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

The Rule of 72: To quickly estimate the length of time it takes for an investment to double in value, divide 72 by the interest rate (as a number, not a percentage) to find the time in years. For example, if the interest is 10%, divide 72 by 10. It would take 7.2 years.

Vocabulary- Chapter 2

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 dimishing dimensions due to distance

Exploded 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

Friday, February 19, 2010

Vocabulary- Chapter 3

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

Revenue- Money the government 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

Thursday, February 4, 2010

Vocabulary- Chapter 1

Beneficiary: The person who will receive the insurance money.

Insurer: The company providing the insurance.

Policy: A written contract or certificate of insurance.

Preminum: How much you pay for an insurance policy.

Amortization Period: The length of time in years that you will need to pay off a mortage.

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 Mortgage: 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 reflectede in the appraisal.

Replacement Value: With reference to insurance policies, it means stolen or damaged items and 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 referenceto homeowner's insurance, this means a location within city limits.

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

Semi-protected: With reference to homeowner's insurance, this means a location with 8 km of a firehall.

Unprotected: With reference to homeowner's insurance, this means a location more that 8 km from a firehall.