Gr12 Math Lit: June medium P(1)

<p>The amount carried over from the previous statement</p> Signup and view all the answers

<p>Municipal bill</p> Signup and view all the answers

<p>To ensure the correct change is given to the customer</p> Signup and view all the answers

<p>The remaining credit limit after accounting for the current balance</p> Signup and view all the answers

<p>To detect any errors or discrepancies</p> Signup and view all the answers

<p>To tax different ranges of taxable income at different rates</p> Signup and view all the answers

<p>To summarize total earnings, deductions, and tax deducted</p> Signup and view all the answers

<p>Taxable income</p> Signup and view all the answers

<p>To ensure regular tax collection throughout the year</p> Signup and view all the answers

<p>2% of the monthly salary</p> Signup and view all the answers

<p>By applying the tax rate to the annual income</p> Signup and view all the answers

<p>R117,111</p> Signup and view all the answers

<p>Tax rebates</p> Signup and view all the answers

<p>Monthly tax, deductions, and medical tax credits</p> Signup and view all the answers

<p>To determine the tax bracket for a given taxable income</p> Signup and view all the answers

<p>To check for any errors in the current bill</p> Signup and view all the answers

<p>VAT Amount = Total Amount × (VAT Rate / (100 + VAT Rate))</p> Signup and view all the answers

<p>Gross salary is the total amount earned, while net salary is the amount after deductions</p> Signup and view all the answers

<p>To ensure the total amount is correct by verifying the sum of individual charges and VAT</p> Signup and view all the answers

<p>A = πr^2</p> Signup and view all the answers

<p>all deductions</p> Signup and view all the answers

<p>Tariff systems</p> Signup and view all the answers

<p>To understand the implications of taxation on personal income</p> Signup and view all the answers

<p>Taxable income is the amount subject to tax, while gross income includes all forms of income</p> Signup and view all the answers

<p>A constant fee that must be paid regardless of usage</p> Signup and view all the answers

<p>To visually compare the costs of different options</p> Signup and view all the answers

<p>I = P × r × t</p> Signup and view all the answers

<p>To identify items exempt from VAT and adjust calculations accordingly</p> Signup and view all the answers

<p>The level of usage where one option becomes cheaper than another</p> Signup and view all the answers

<p>Net Salary = Gross Salary - Deductions</p> Signup and view all the answers

<p>The point where the total costs of two options are equal</p> Signup and view all the answers

<p>To decide which option is more cost-effective at different levels of usage</p> Signup and view all the answers

<p>Patterns, relationships and representations skills</p> Signup and view all the answers

<p>Analysing transport tariffs for school trips</p> Signup and view all the answers

<p>To accurately determine costs and break-even points</p> Signup and view all the answers

<p>To estimate expected income and expenses for a future period</p> Signup and view all the answers

<p>It shows actual income and expenses over a specific period</p> Signup and view all the answers

<p>The point at which income equals total costs</p> Signup and view all the answers

<p>Rent and salaries</p> Signup and view all the answers

<p>To compare actual income and expenses against the budget</p> Signup and view all the answers

<p>To report actual expenditure and income</p> Signup and view all the answers

<p>The financial gain when expenditure exceeds income</p> Signup and view all the answers

<p>Costs that vary with the level of production or sales</p> Signup and view all the answers

<p>Profit = Total Income - Total Expenditure</p> Signup and view all the answers

<p>Sales of goods or services</p> Signup and view all the answers

<p>A loan involves paying interest, while an investment earns interest.</p> Signup and view all the answers

<p>The total interest paid increases.</p> Signup and view all the answers

<p>The total interest paid decreases.</p> Signup and view all the answers

<p>Interest calculated on the current balance, including previous interest.</p> Signup and view all the answers

<p>To balance monthly affordability with total cost.</p> Signup and view all the answers

<p>The returns on the investment increase.</p> Signup and view all the answers

<p>The original amount borrowed.</p> Signup and view all the answers

<p>To maximize the returns on investments.</p> Signup and view all the answers

<p>The final investment value increases.</p> Signup and view all the answers

<p>The principal amount plus interest.</p> Signup and view all the answers

<p>Decreases the total interest paid</p> Signup and view all the answers

<p>Leads to greater accumulation due to the extended period of compounding interest</p> Signup and view all the answers

<p>Savings Account</p> Signup and view all the answers

<p>To show all transactions in an account over a specific period</p> Signup and view all the answers

<p>Increases the growth of the investment</p> Signup and view all the answers

<p>To minimize the cost of the loan</p> Signup and view all the answers

<p>Interest calculated on the principal and accumulated interest</p> Signup and view all the answers

<p>Enhances the value of the investment over time due to compounding effects</p> Signup and view all the answers

<p>For investing a lump sum over a fixed period</p> Signup and view all the answers

<p>Increases the total interest paid</p> Signup and view all the answers

<p>To minimize unnecessary expenses</p> Signup and view all the answers

<p>Simple interest is calculated on the original principal, while compound interest is calculated on the current balance</p> Signup and view all the answers

<p>Loss occurs</p> Signup and view all the answers

<p>To ensure that savings and investments keep pace with rising costs</p> Signup and view all the answers

<p>Inflation erodes the value of money</p> Signup and view all the answers

<p>They provide more detailed and qualitative insights</p> Signup and view all the answers

<p>((Current Price - Previous Price) / Previous Price) x 100%</p> Signup and view all the answers

<p>To avoid interaction biases and collect behavioural data</p> Signup and view all the answers

<p>They may not accommodate all respondents' views, leading to incomplete answers</p> Signup and view all the answers

<p>To make financial decisions, such as salary negotiations and price adjustments</p> Signup and view all the answers

<p>An increase in the demand for goods and services</p> Signup and view all the answers

<p>To represent the population and make generalisations</p> Signup and view all the answers

<p>To make informed decisions about borrowing and lending</p> Signup and view all the answers

<p>To simplify the data for better understanding and analysis</p> Signup and view all the answers

<p>To count how many items fall into each category efficiently and visually</p> Signup and view all the answers

<p>Profit occurs when income exceeds expenditure, while loss occurs when expenditure exceeds income</p> Signup and view all the answers

<p>They provide anonymity, encouraging honest responses</p> Signup and view all the answers

<p>To evaluate the financial performance of a business</p> Signup and view all the answers

<p>They are time-consuming and may introduce interviewer bias</p> Signup and view all the answers

<p>To ensure that salary or income growth keeps pace with inflation</p> Signup and view all the answers

<p>To make it easier to read and analyze</p> Signup and view all the answers

<p>The middle value in a dataset when arranged in ascending or descending order</p> Signup and view all the answers

<p>To show how often each category or group appears in the data set</p> Signup and view all the answers

<p>The range of the middle 50% of the data</p> Signup and view all the answers

<p>To understand the spread and distribution of the data</p> Signup and view all the answers

<p>To explore relationships and display findings in a clear and concise manner</p> Signup and view all the answers

<p>To compare individual values to the entire dataset</p> Signup and view all the answers

<p>The difference between the highest and lowest values in the dataset</p> Signup and view all the answers

<p>To organize continuous data divided into intervals</p> Signup and view all the answers

<p>The value that appears most frequently in the dataset</p> Signup and view all the answers

<p>Scatter Plot</p> Signup and view all the answers

<p>The middle value</p> Signup and view all the answers

<p>To summarize data distributions</p> Signup and view all the answers

<p>The range of the middle 50% of the data</p> Signup and view all the answers

<p>To represent continuous data grouped into ranges</p> Signup and view all the answers

<p>A measure of the likelihood of an event occurring</p> Signup and view all the answers

<p>To show parts of a whole</p> Signup and view all the answers

<p>The difference between the highest and lowest values</p> Signup and view all the answers

<p>To show trends and changes over time</p> Signup and view all the answers

<p>The value that divides the data set into four equal parts</p> Signup and view all the answers

<p>1/2</p> Signup and view all the answers

<p>To visualize all possible outcomes of combined events</p> Signup and view all the answers

<p>A test indicates a positive result when it is actually negative</p> Signup and view all the answers

<p>A scale that ranges from 0 to 1</p> Signup and view all the answers

<p>To visualize the probability of combined events</p> Signup and view all the answers

<p>0</p> Signup and view all the answers

<p>A game where each outcome has an equal chance of occurring</p> Signup and view all the answers

<p>To increase the accuracy of predictions</p> Signup and view all the answers

<p>1</p> Signup and view all the answers

<p>To make informed decisions based on data</p> Signup and view all the answers

<p>Sales of goods or services</p> Signup and view all the answers

<p>The point where total income equals total costs</p> Signup and view all the answers

<p>To report actual income and expenditure over a specific period</p> Signup and view all the answers

<p>To cover costs and generate a profit</p> Signup and view all the answers

<p>Start-up costs</p> Signup and view all the answers

<p>To ensure long-term success and make informed financial decisions</p> Signup and view all the answers

<p>Total Income - Total Costs</p> Signup and view all the answers

<p>To ensure that income matches or exceeds costs</p> Signup and view all the answers

<p>To estimate expected costs and income based on historical data</p> Signup and view all the answers

<p>When total costs exceed total income</p> Signup and view all the answers

<p>The shop's VAT number and shop details</p> Signup and view all the answers

<p>To determine the unit price of each item</p> Signup and view all the answers

<p>Municipal Bill</p> Signup and view all the answers

<p>To identify exempt items and calculate the VAT amount</p> Signup and view all the answers

<p>The total amount paid and the resulting balance</p> Signup and view all the answers

<p>To verify the total amount paid and the resulting balance</p> Signup and view all the answers

<p>To keep track of store accounts and credit limits</p> Signup and view all the answers

<p>To ensure the accuracy of the total amount payable</p> Signup and view all the answers

<p>To determine the tax rate applicable to a specific range of taxable income</p> Signup and view all the answers

<p>All deductions including UIF, PAYE, pension, and medical aid</p> Signup and view all the answers

<p>To summarize an employee's total earnings and tax deductions</p> Signup and view all the answers

<p>Taxable income</p> Signup and view all the answers

<p>To visually compare the costs</p> Signup and view all the answers

<p>A constant fee that must be paid regardless of usage</p> Signup and view all the answers

<p>To deduct income tax from an employee's salary</p> Signup and view all the answers

<p>The point where the cost graphs of different options cross each other</p> Signup and view all the answers

<p>By applying the tax bracket formula</p> Signup and view all the answers

<p>R117,111</p> Signup and view all the answers

<p>Skills from patterns, relationships, and representations in Mathematics Literacy</p> Signup and view all the answers

<p>Tax rebate</p> Signup and view all the answers

<p>Household projects, such as comparing electricity or water tariffs</p> Signup and view all the answers

<p>To make informed decisions about the most cost-effective option</p> Signup and view all the answers

<p>To quickly determine the amount of tax owed based on taxable income and age</p> Signup and view all the answers

<p>To identify areas for cost reduction</p> Signup and view all the answers

<p>2%</p> Signup and view all the answers

<p>To make informed financial decisions</p> Signup and view all the answers

<p>Gross salary - deductions - monthly tax</p> Signup and view all the answers

<p>Gross salary - total deductions</p> Signup and view all the answers

<p>To ensure the long-term success of a business</p> Signup and view all the answers

<p>Start-Up Costs</p> Signup and view all the answers

<p>To ensure profitability</p> Signup and view all the answers

<p>The point at which total income equals total costs</p> Signup and view all the answers

<p>To report actual expenditure and income over a specific period</p> Signup and view all the answers

<p>Profit</p> Signup and view all the answers

<p>Monthly Operating Costs</p> Signup and view all the answers

<p>To ensure there is enough cash to cover operating expenses</p> Signup and view all the answers

<p>Sales of goods or services</p> Signup and view all the answers

<p>Loss = Total Costs - Total Income</p> Signup and view all the answers

<p>To identify any discrepancies in previous payments</p> Signup and view all the answers

<p>A = P(1 + r/n)^nt</p> Signup and view all the answers

<p>Gross salary is the total amount earned, while net salary is the amount taken home after deductions</p> Signup and view all the answers

<p>To identify items that are exempt from VAT</p> Signup and view all the answers

<p>VAT Amount = Total Amount × (VAT Rate / 100 + 1)</p> Signup and view all the answers

<p>To manage personal finance effectively</p> Signup and view all the answers

<p>I = P × r × t</p> Signup and view all the answers

<p>To ensure that the total amount due is accurate</p> Signup and view all the answers

<p>Taxable income excludes deductions, while gross income includes them</p> Signup and view all the answers

<p>To manage cash flow effectively</p> Signup and view all the answers

<p>To guide financial decisions and ensure that spending aligns with income</p> Signup and view all the answers

<p>It summarizes all actual income and expenses over a specific period</p> Signup and view all the answers

<p>Regular, consistent costs such as rent and salaries</p> Signup and view all the answers

<p>The point at which income equals total costs</p> Signup and view all the answers

<p>To identify variances and make adjustments</p> Signup and view all the answers

<p>Sales of goods or services</p> Signup and view all the answers

<p>Total Income - Total Expenditure</p> Signup and view all the answers

<p>When total expenditure exceeds total income</p> Signup and view all the answers

<p>Costs that vary with the level of production or sales</p> Signup and view all the answers

<p>To summarize all income received and expenses incurred</p> Signup and view all the answers

<p>To reduce the loan amount and the interest paid</p> Signup and view all the answers

<p>It increases the returns on investments</p> Signup and view all the answers

<p>The loan amount plus interest</p> Signup and view all the answers

<p>Interest calculated on the current balance</p> Signup and view all the answers

<p>It reduces the loan term and total interest paid</p> Signup and view all the answers

<p>To choose terms and rates that balance monthly affordability with total cost</p> Signup and view all the answers

<p>Interest calculated on the original amount</p> Signup and view all the answers

<p>To start investing early to maximize the benefits of compound interest</p> Signup and view all the answers

<p>It increases the total cost of the loan</p> Signup and view all the answers

<p>A loan involves borrowing money, while an investment involves lending money</p> Signup and view all the answers

<p>To accumulate funds for retirement</p> Signup and view all the answers

<p>It increases the growth</p> Signup and view all the answers

<p>The investment grows more rapidly</p> Signup and view all the answers

<p>It decreases the total interest paid</p> Signup and view all the answers

<p>To earn interest and is used for short-term savings</p> Signup and view all the answers

<p>A credit card allows credit, while a debit card does not</p> Signup and view all the answers

<p>It allows for greater accumulation due to compounding interest</p> Signup and view all the answers

<p>The total interest paid is higher</p> Signup and view all the answers

<p>For investing a lump sum over a fixed period</p> Signup and view all the answers

<p>It decreases the total interest paid</p> Signup and view all the answers

<p>Choosing investment options that offer returns higher than the inflation rate</p> Signup and view all the answers

<p>They can yield detailed and qualitative insights</p> Signup and view all the answers

<p>To use random sampling to minimize bias</p> Signup and view all the answers

<p>It avoids interaction biases and is useful for collecting behavioral data</p> Signup and view all the answers

<p>To simplify the data for better understanding and analysis</p> Signup and view all the answers

<p>It is a quick and efficient way to count data</p> Signup and view all the answers

<p>To ensure salary or income growth keeps pace with inflation</p> Signup and view all the answers

<p>They may not accommodate all respondents' views, leading to incomplete answers</p> Signup and view all the answers

<p>To monitor and manage expenses to mitigate the impact of rising prices on household budgets</p> Signup and view all the answers

<p>To develop strategies for financial planning in an inflationary environment</p> Signup and view all the answers

<p>0</p> Signup and view all the answers

<p>1/2</p> Signup and view all the answers

<p>To visualize all possible outcomes of combined events</p> Signup and view all the answers

<p>A test indicates a positive result when it is actually negative</p> Signup and view all the answers

<p>To visualize the probability of combined events</p> Signup and view all the answers

<p>1</p> Signup and view all the answers

<p>To verify the accuracy of sources and data used</p> Signup and view all the answers

<p>A game where each outcome has an equal chance of occurring</p> Signup and view all the answers

<p>1/6</p> Signup and view all the answers

<p>To improve the accuracy of predictions</p> Signup and view all the answers

<p>To earn interest on savings</p> Signup and view all the answers

<p>ATM withdrawal charge</p> Signup and view all the answers

<p>Simple interest is calculated on the principal amount, while compound interest is calculated on the total balance</p> Signup and view all the answers

<p>Profit = Total Income - Total Expenditure</p> Signup and view all the answers

<p>It decreases the value of money</p> Signup and view all the answers

<p>Excess demand for goods and services</p> Signup and view all the answers

<p>To adjust salaries and wages to maintain purchasing power</p> Signup and view all the answers

<p>(Current Price - Previous Price) / Previous Price) x 100%</p> Signup and view all the answers

<p>Income is the money received, while expenditure is the money spent</p> Signup and view all the answers

<p>A loss is incurred</p> Signup and view all the answers

<p>To show the relationship between two quantities over time</p> Signup and view all the answers

<p>The middle value in an ordered dataset</p> Signup and view all the answers

<p>To show parts of a whole</p> Signup and view all the answers

<p>The difference between the highest and lowest values</p> Signup and view all the answers

<p>To summarize data using the five-number summary</p> Signup and view all the answers

<p>The range of the middle 50% of the data</p> Signup and view all the answers

<p>To study the relationship between two variables</p> Signup and view all the answers

<p>A measure of the likelihood of an event occurring</p> Signup and view all the answers

<p>To represent continuous data grouped into ranges</p> Signup and view all the answers

<p>To divide the data set into four equal parts</p> Signup and view all the answers

<p>To show how often each category or group appears in the data set</p> Signup and view all the answers

<p>It is less affected by outliers and skewed data</p> Signup and view all the answers

<p>To divide the data set into four equal parts</p> Signup and view all the answers

<p>To visually represent data and explore relationships</p> Signup and view all the answers

<p>To measure the spread of the central portion of the data</p> Signup and view all the answers

<p>To simplify counting and reduce errors</p> Signup and view all the answers

<p>The value that appears most frequently in the dataset</p> Signup and view all the answers

<p>To provide a single value that represents the central point of the dataset</p> Signup and view all the answers

<p>To group data based on shared characteristics</p> Signup and view all the answers

<p>To provide a clear summary of the main features of the data</p> Signup and view all the answers

<p>Shop details, invoice information, item details, and VAT amount.</p> Signup and view all the answers

<p>To determine unit prices when given pack prices and quantities.</p> Signup and view all the answers

<p>The maximum amount of credit allowed.</p> Signup and view all the answers

<p>Municipal bill.</p> Signup and view all the answers

<p>To ensure accuracy and detect potential errors.</p> Signup and view all the answers

<p>Tax on the value added to goods and services.</p> Signup and view all the answers

<p>To verify the payment history and available credit.</p> Signup and view all the answers

<p>Transactions, amounts due, due dates, previous balances, and available credit.</p> Signup and view all the answers

<p>To reduce the total tax payable</p> Signup and view all the answers

<p>Gross salary is the total salary earned, while taxable income is the salary before deductions</p> Signup and view all the answers

<p>By applying the tax rate to the taxable income</p> Signup and view all the answers

<p>To summarize total earnings, deductions, and tax deducted</p> Signup and view all the answers

<p>Taxable income</p> Signup and view all the answers

<p>To ensure that taxes are collected regularly throughout the year</p> Signup and view all the answers

<p>2%</p> Signup and view all the answers

<p>To provide a quick reference for determining the amount of tax owed based on taxable income and age</p> Signup and view all the answers

<p>R67,111</p> Signup and view all the answers

<p>Tax rebates</p> Signup and view all the answers

<p>To allocate resources efficiently and avoid unnecessary expenses</p> Signup and view all the answers

<p>Start-up cost</p> Signup and view all the answers

<p>To ensure profitability by covering all costs and generating a profit</p> Signup and view all the answers

<p>To estimate expected income and expenses for a future period</p> Signup and view all the answers

<p>The point at which total income equals total costs</p> Signup and view all the answers

<p>Fixed costs are regular and consistent, while variable costs vary with the level of production or sales</p> Signup and view all the answers

<p>To estimate expected costs and income based on historical data or similar businesses</p> Signup and view all the answers

<p>To compare actual income and expenses against the budget</p> Signup and view all the answers

<p>It provides a clear picture of financial performance</p> Signup and view all the answers

<p>To identify areas where costs can be reduced and income can be increased</p> Signup and view all the answers

<p>To estimate expected income and expenses for a future period</p> Signup and view all the answers

<p>Sales of goods or services</p> Signup and view all the answers

<p>Production costs</p> Signup and view all the answers

<p>Profit = Total Income - Total Costs</p> Signup and view all the answers

<p>The business incurs a loss</p> Signup and view all the answers

<p>To ensure profit by matching costs with income</p> Signup and view all the answers

<p>A loan requires repayment with interest, while an investment generates passive income</p> Signup and view all the answers

<p>To estimate expected income and expenses for a future period</p> Signup and view all the answers

<p>The point at which income equals total costs</p> Signup and view all the answers

<p>Sales of goods or services</p> Signup and view all the answers

<p>To ensure that payments are up-to-date and accurate</p> Signup and view all the answers

<p>VAT Amount = Total Amount × (VAT Rate / (100 + VAT Rate))</p> Signup and view all the answers

<p>Gross salary is the total amount earned, while net salary is the take-home pay</p> Signup and view all the answers

<p>To identify items that are exempt from VAT</p> Signup and view all the answers

<p>I = P × r × t</p> Signup and view all the answers

<p>Deposit</p> Signup and view all the answers

<p>Deposit size</p> Signup and view all the answers

<p>To understand the implications of taxation on personal and business finances</p> Signup and view all the answers

<p>Real Cost of the Loan</p> Signup and view all the answers

<p>Gross income includes all forms of income, while taxable income is the income subject to tax</p> Signup and view all the answers

<p>To analyze and compare different tariff systems</p> Signup and view all the answers

<p>Stockvel</p> Signup and view all the answers

<p>To manage and allocate financial resources effectively</p> Signup and view all the answers

<p>Increases the returns on the investment</p> Signup and view all the answers

<p>R1,813.33</p> Signup and view all the answers

<p>A = π × r^2</p> Signup and view all the answers

<p>To identify the break-even point</p> Signup and view all the answers

<p>Interest Rate</p> Signup and view all the answers

<p>Utility bills and materials</p> Signup and view all the answers

<p>Compound Interest</p> Signup and view all the answers

<p>Loan Amount</p> Signup and view all the answers

<p>To check for errors in calculation</p> Signup and view all the answers

<p>To track income and expenses</p> Signup and view all the answers

<p>Choosing terms and rates that balance monthly affordability with total cost</p> Signup and view all the answers

<p>Decreases the total interest paid</p> Signup and view all the answers

<p>The total cost per unit of usage</p> Signup and view all the answers

<p>Mathematical calculations and graph interpretation</p> Signup and view all the answers

<p>Household projects and community events</p> Signup and view all the answers

<p>To make informed decisions</p> Signup and view all the answers

<p>To identify areas for cost reduction</p> Signup and view all the answers

<p>Lower total interest paid</p> Signup and view all the answers

<p>It leads to exponential growth</p> Signup and view all the answers

<p>To invest a lump sum over a fixed period</p> Signup and view all the answers

<p>It increases the growth of the investment</p> Signup and view all the answers

<p>It enhances the value of the investment over time</p> Signup and view all the answers

<p>A loan requires repayment, while an investment generates income</p> Signup and view all the answers

<p>To show all transactions in an account over a specific period</p> Signup and view all the answers

<p>Net amount borrowed</p> Signup and view all the answers

<p>Greater accumulation due to the extended period of compounding interest</p> Signup and view all the answers

<p>To minimize the cost of the loan</p> Signup and view all the answers

<p>To ensure salary or income growth keeps pace with inflation</p> Signup and view all the answers

<p>They allow respondents to answer in their own words</p> Signup and view all the answers

<p>To ensure the sample is representative of the population</p> Signup and view all the answers

<p>It is limited to observable phenomena</p> Signup and view all the answers

<p>To simplify the data for better understanding and analysis</p> Signup and view all the answers

<p>To count how many items fall into each category</p> Signup and view all the answers

<p>To generate revenue and cover operational costs</p> Signup and view all the answers

<p>Compound interest</p> Signup and view all the answers

<p>They are easier to analyze and compare</p> Signup and view all the answers

<p>Loss</p> Signup and view all the answers

<p>Businesses increasing prices to keep up with rising costs</p> Signup and view all the answers

<p>To account for expected inflation in budgets</p> Signup and view all the answers

<p>By using the formula: (Current Price - Previous Price) / Previous Price * 100%</p> Signup and view all the answers

<p>Responses may be limited by the questions' design</p> Signup and view all the answers

<p>It decreases</p> Signup and view all the answers

<p>Higher production costs, such as wages and raw materials</p> Signup and view all the answers

<p>To identify patterns and trends in inflation</p> Signup and view all the answers

<p>To show how often each category or group appears in the data set</p> Signup and view all the answers

<p>Decreased value</p> Signup and view all the answers

<p>To minimize transaction fees</p> Signup and view all the answers

<p>To identify the value that appears most frequently</p> Signup and view all the answers

<p>Total Income - Total Expenditure</p> Signup and view all the answers

<p>Range</p> Signup and view all the answers

<p>To identify patterns and relationships within the data</p> Signup and view all the answers

<p>The middle value in the data set when the values are arranged in ascending or descending order</p> Signup and view all the answers

<p>To understand the spread and distribution of the data</p> Signup and view all the answers

<p>The range of the middle 50% of the data</p> Signup and view all the answers

<p>To provide a clear summary of how often different values or ranges of values occur in a data set</p> Signup and view all the answers

<p>To group data based on shared characteristics, making it easier to handle and interpret large data sets</p> Signup and view all the answers

<p>To quickly and efficiently count discrete data</p> Signup and view all the answers

<p>1/2</p> Signup and view all the answers

<p>Trial</p> Signup and view all the answers

<p>To calculate the probability of combined events</p> Signup and view all the answers

<p>Frequency</p> Signup and view all the answers

<p>0</p> Signup and view all the answers

<p>To indicate the likelihood of certain weather conditions</p> Signup and view all the answers

<p>False Positive</p> Signup and view all the answers

<p>To show the combined outcomes of two events</p> Signup and view all the answers

<p>1</p> Signup and view all the answers

<p>Theoretical Probability</p> Signup and view all the answers

<p>To show the relationship between two variables</p> Signup and view all the answers

<p>To provide the central point less affected by outliers</p> Signup and view all the answers

<p>The range of the middle 50% of the data</p> Signup and view all the answers

<p>To study the relationship between two variables</p> Signup and view all the answers

<p>To indicate how spread out the values are</p> Signup and view all the answers

<p>To summarize data distributions</p> Signup and view all the answers

<p>To indicate the spread and distribution of data</p> Signup and view all the answers

<p>A measure of the likelihood of an event occurring</p> Signup and view all the answers

<p>To represent continuous data grouped into ranges</p> Signup and view all the answers

<p>To represent the central point of the data set</p> Signup and view all the answers

<p>Shop details, item description, and VAT amount</p> Signup and view all the answers

<p>To determine the unit price of items</p> Signup and view all the answers

<p>Municipal bill</p> Signup and view all the answers

<p>Transactions, amounts due, and credit limit</p> Signup and view all the answers

<p>Balance brought forward</p> Signup and view all the answers

<p>To ensure the sum of item prices and VAT is correct</p> Signup and view all the answers

<p>Previous balance and due date</p> Signup and view all the answers

<p>To calculate the interest on overdue payments</p> Signup and view all the answers

<p>To check for any disputed charges</p> Signup and view all the answers

<p>Gross income - tax-deductible deductions</p> Signup and view all the answers

<p>To accurately understand the implications of bills and account statements</p> Signup and view all the answers

<p>Gross salary - deductions</p> Signup and view all the answers

<p>To identify items exempt from VAT</p> Signup and view all the answers

<p>To ensure the total amount is correct</p> Signup and view all the answers

<p>To ensure accuracy and detect errors</p> Signup and view all the answers

<p>I = P × r × t</p> Signup and view all the answers

<p>To understand the impact of interest on investments and loans</p> Signup and view all the answers

<p>A = πr^2</p> Signup and view all the answers

<p>To identify the correct tax bracket for taxable income</p> Signup and view all the answers

<p>Taxable income</p> Signup and view all the answers

<p>To reduce the tax payable</p> Signup and view all the answers

<p>To summarize total earnings and deductions</p> Signup and view all the answers

<p>By dividing the annual tax by 12</p> Signup and view all the answers

<p>All deductions including UIF, PAYE, pension, and medical aid</p> Signup and view all the answers

<p>R67,111</p> Signup and view all the answers

<p>To visually compare the costs and identify points of intersection</p> Signup and view all the answers