Questions and Answers
What is the primary purpose of using spaces to separate groups of three digits in number representation?
To make large numbers easier to read
Which of the following types of numbers is used to represent financial values?
Money amounts
What is the process of reading and writing large numbers by separating them into groups of three digits called?
Number formatting
What is the purpose of creating a place value table when ordering numbers?
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Which of the following is an example of an alternative format for decimal fractions?
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What is the convention used in South Africa to separate whole numbers from decimal fractions?
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What is the term for identification numbers used in various contexts?
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What is the purpose of separating large numbers into groups of three digits?
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What is the correct order of operations when using the acronym BODMAS?
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What is the purpose of estimating answers to calculations?
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What is the function of the MRC key on a basic calculator?
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What is the result of adding a number and its opposite?
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What is the purpose of breaking down and multiplying when adding large numbers?
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What is the correct way to read and write whole numbers in words?
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What is the purpose of using place value tables?
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What is the result of multiplying a number by 100?
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What is the correct way to convert a decimal fraction to a common fraction?
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What is the purpose of using conventions in number representation?
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What is the primary purpose of estimating in mathematical operations?
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What is the correct order of operations when evaluating expressions with brackets, orders, division, multiplication, addition, and subtraction?
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How do you convert a mixed number to an improper fraction?
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What is the result of multiplying a number by 1000?
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What is the definition of a proper fraction?
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What is the purpose of using rounding in real-life situations?
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What is the definition of a rate?
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How do you calculate a percentage of a given amount?
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What is the purpose of stating the aim of research in data handling?
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What is the characteristic of an open question in data handling?
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What is the primary purpose of representing data graphically?
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Which type of graph is used to display continuous data grouped into intervals?
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What is the formula to calculate the mean?
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What is the purpose of financial documents?
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What is the term for money owed?
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Which type of graph is used to compare parts of a whole?
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What is the purpose of calculating measures of central tendency and spread?
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What is the term for a document detailing purchased items or services, their costs, and any outstanding amounts to be paid?
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What is the purpose of analysing data?
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What is the main purpose of a municipal bill?
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Which type of graph is used to show the relationship between two quantities, often over time?
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What is the term for the fixed extra cost added to the cost of most items and services in South Africa?
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What is the purpose of a till slip?
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What is the term for the maximum amount of credit allowed on a store account?
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What is the primary advantage of using open-ended questions in a survey?
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What is the formula for calculating municipal costs?
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What is the purpose of a tariff system?
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What is the main difference between observation and interview methods of collecting data?
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What is the term for a pre-determined schedule of prices for services?
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What is the purpose of using a random sample formula in research?
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What is the formula for calculating telephone costs?
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What is the primary advantage of using closed-ended questions in a survey?
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What is the purpose of conducting a relevance check in questionnaire development?
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What is the purpose of a transport tariff?
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What is the primary advantage of using a combination of open and closed questions in a survey?
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What is the component of a municipal bill that provides the municipality's banking details?
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What is the purpose of using a questionnaire in research?
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What is the purpose of classifying data into categorical and numerical categories?
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What is the difference between discrete and continuous data?
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What is the formula for calculating the sample size in research?
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What is the purpose of using a database in research?
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What is the purpose of using tallies to organize data?
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What is the formula for finding the total number of items in a dataset?
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What is the primary advantage of using a clear and concise questionnaire?
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What is the purpose of summarising data?
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What is a measure of central tendency?
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What is the formula for calculating the mean?
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What is the range of a dataset?
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What is the purpose of using measures of spread?
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What is the modal class in a dataset?
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What is the key difference between a surplus and a deficit in a budget?
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What type of income is earned from producing and selling goods or services?
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What is the purpose of creating a budget?
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Which type of expenditure is infrequent or unforeseen?
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What is the formula to calculate the amount to spend on each category in a budget?
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What is the primary purpose of saving?
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What is the difference between a budget and a statement?
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What type of income is earned from renting out property?
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What is the purpose of budgeting for specific events or items?
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What is the benefit of comparing statements to budgets?
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What is the formula to calculate the total amount when saving money?
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What is the purpose of separating the total income into fixed, variable, and occasional expenses?
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What is the interest rate on a loan?
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What is the formula to calculate the interest amount when saving money?
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What is the Value-Added Tax (VAT) rate in South Africa?
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What is the formula to calculate the VAT-inclusive price?
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What is a type of bank account that earns interest and does not have an overdraft facility?
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What is the definition of interest rate?
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What is the purpose of calculating the interest amount when borrowing money?
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What is the formula to calculate the interest rate when given the final amount and the original amount?
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What is the difference between theoretical probability and relative frequency?
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What is the purpose of a tree diagram?
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What is the formula for calculating the probability of an event?
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What is the complement of an event?
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What is the primary purpose of a Fixed Deposit Account?
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What is the purpose of using two-way tables?
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What is the definition of a fair game?
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What is the purpose of a bank statement?
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What is the formula for calculating Total Bank Fees?
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What is the formula for calculating the relative frequency of an event?
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What is the purpose of weather predictions?
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What is the probability of an event that is certain to happen?
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What is the purpose of the Overdraft Facility in a Cheque or Current Account?
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What is the main difference between a Debit Account and a Credit Account?
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What is the purpose of FICA (the Financial Intelligence Centre Act) in banking?
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What is the result of a Debit Transaction?
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What is the probability of an event that is impossible to happen?
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What is the purpose of a Bank Fee Calculation?
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What is the primary purpose of using a place value table when comparing numbers?
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Which of the following number formats is used to represent exact counts?
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What is the term for the standard way of doing something in number representation?
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In what context would you use decimal points to separate whole numbers from decimal fractions?
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What is the purpose of separating large numbers into groups of three digits?
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What is the term for a rate or proportion of a whole?
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What is the primary purpose of using codes in number representation?
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What is the term for the way something appears or is set out in number representation?
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When comparing large numbers, what is the primary strategy to ensure accuracy?
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What is the primary purpose of using multiplication shortcuts?
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When converting a decimal fraction to a common fraction, what is the primary step?
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What is the primary advantage of using a calculator with memory functions?
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When multiplying fractions, what is the primary operation to perform?
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What is the primary purpose of using brackets in mathematical expressions?
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When dividing fractions, what is the primary operation to perform?
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What is the primary purpose of using conventions in number representation?
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When converting an improper fraction to a mixed number, what is the primary step?
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What is the primary purpose of estimating answers to calculations?
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What is the primary objective of combining closed and open questions in a survey?
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What is the primary advantage of using observation as a method of collecting data?
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What is the purpose of using a random sample in research?
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What is the primary objective of developing a good questionnaire?
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What is the formula for calculating the sample size in research?
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What is the primary advantage of using open-ended questions in a survey?
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What is the purpose of using databases in research?
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What is the primary objective of avoiding sample bias in research?
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What is the primary advantage of using questionnaires in research?
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What is the primary objective of stating the aim of research in data handling?
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What is the primary purpose of estimating in mathematical operations?
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What is the correct order of operations when evaluating expressions with brackets, orders, division, multiplication, addition, and subtraction?
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What is the definition of a rate?
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How do you convert a decimal fraction to a common fraction?
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What is the purpose of stating the aim of research in data handling?
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What is the characteristic of an open question in data handling?
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What is the result of multiplying a number by 10?
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What is the purpose of using conventions in number representation?
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What is the correct way to read and write whole numbers in words?
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What is the purpose of using rounding in real-life situations?
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What is the purpose of classifying data into categorical and numerical data?
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Which measure of central tendency is most affected by extreme values in a dataset?
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What is the main advantage of using frequency tables to organise data?
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What is the purpose of using class intervals when working with grouped data?
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What is the term for the middle value in a dataset when it is arranged in ascending or descending order?
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What is the formula to calculate the range of a dataset?
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What is the primary advantage of summarising data?
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What is the term for the value that appears most frequently in a dataset?
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What is the purpose of using tallies when collecting data?
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What is the formula to calculate the total number of items in a grouped dataset?
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What is the primary purpose of using histograms in data representation?
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What is the formula for calculating the range of a data set?
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What is the primary purpose of calculating measures of central tendency and spread?
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What is the main purpose of a municipal bill?
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What is the primary advantage of using graphical representations in data analysis?
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What is the primary purpose of analysing data?
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What is the primary advantage of using line graphs in data representation?
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What is the primary purpose of using tariff systems?
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What is the primary purpose of using pie charts in data representation?
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What is the primary advantage of using bar graphs in data representation?
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What is the main purpose of a municipal bill?
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What is the term for the maximum amount of credit allowed on a store account?
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What is the purpose of a tariff system?
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What is the difference between a surplus and a deficit?
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Which type of income is received from producing and selling goods or services?
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What is the formula for calculating municipal costs?
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What is the term for the fixed extra cost added to the cost of most items and services in South Africa?
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What is the purpose of a budget?
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What is the purpose of a till slip?
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What is the difference between a budget and a statement?
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What is the purpose of calculating the percentage of income for each category in a budget?
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What is the formula for calculating telephone costs?
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What is the term for money received as gifts or allowances?
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What is the term for a pre-determined schedule of prices for services?
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What is the purpose of a store account?
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What is the purpose of saving?
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What is the term for a loan granted to students to assist with financial matters during their study period?
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What is the term for money owed?
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What is the term for financial assistance granted to students, usually from government or private companies?
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What is the term for the amount of money owed?
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What is the difference between theoretical probability and relative frequency?
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What is the purpose of a tree diagram?
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What is the formula to calculate the probability of an event?
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What is the term for the collection of one or more outcomes?
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What is the purpose of analysing past weather data in weather predictions?
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What is the formula to calculate the complement of an event?
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What is the term for the actual result of an experiment?
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What is the purpose of using two-way tables?
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What is the main purpose of a bank statement?
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What is the term for the amount of money in the account at the beginning and end of a period?
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What is the purpose of FICA (Financial Intelligence Centre Act)?
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What is the term for the amount of money paid out of an account?
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What is the purpose of a fixed deposit account?
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What is the formula for calculating total bank fees?
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What is the formula to calculate the monthly savings?
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What is the definition of interest rate?
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What is the term for the likelihood of an event occurring?
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What is the term for a game where the outcome is uncertain, but can be predicted with a certain probability?
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What is the formula to calculate the interest amount?
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What is the definition of VAT inclusive?
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What is the term for the number of times a certain event occurs?
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What is the formula to calculate the VAT amount?
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What is the term for a test or experiment to determine the probability of an event?
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What is the definition of a savings account?
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What is the purpose of calculating the interest rate?
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What is the definition of interest?
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What is the purpose of calculating the VAT-inclusive price?
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What is the definition of VAT exempt?
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What is the primary purpose of using a place value table when ordering numbers?
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What is the advantage of using the decimal comma convention in South Africa?
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What is the purpose of separating large numbers into groups of three digits?
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What is the result of using the decimal point convention in a financial context?
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What is the advantage of using whole numbers in words?
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What is the purpose of using place value tables when reading and writing large numbers?
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What is the result of using the convention of separating whole numbers from decimal fractions?
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What is the purpose of using different formats for decimal fractions in different contexts?
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What is the primary purpose of estimating answers to calculations?
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What is the correct order of operations when evaluating expressions with brackets, orders, division, multiplication, addition, and subtraction?
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What is the result of multiplying a number by 1000?
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What is the primary purpose of using rounding in real-life situations?
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What is the purpose of using the 'change sign' key on a basic calculator?
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What is the definition of a rate?
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What is the correct order of operations when evaluating expressions with brackets, orders, division, multiplication, addition, and subtraction?
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What is the result of multiplying a number by 10?
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How do you calculate a percentage of a given amount?
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What is the primary purpose of stating the aim of research in data handling?
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What is the purpose of converting a decimal fraction to a common fraction?
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What is the definition of a mixed number?
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What is the characteristic of an open question in data handling?
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What is the primary purpose of representing data graphically?
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What is the purpose of using the 'grouping' method when adding and subtracting large numbers?
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What is the result of adding a number and its opposite?
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What is the formula to calculate the mean?
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What is the purpose of using the 'breaking down and multiplying' method when adding large numbers?
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What is the correct way to convert a common fraction to a decimal fraction?
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What is the purpose of using the 'M+' key on a basic calculator?
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What is the main advantage of using a combination of closed and open questions in a survey?
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What is the primary purpose of using a questionnaire in data collection?
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What is the formula for calculating the sample size in a survey, where N is the population size and e is the margin of error?
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What is the primary purpose of using observation as a method of data collection?
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What is the characteristic of an open-ended question in a survey?
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What is the primary advantage of using random sampling in a survey?
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What is the formula for avoiding sample bias in a survey?
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What is the primary purpose of developing a good questionnaire?
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What is the primary purpose of using a Likert scale in survey research?
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What is the characteristic of a closed-ended question in a survey?
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What is the difference between discrete and continuous data?
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What is the primary purpose of using databases in data collection?
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What is the purpose of using tallies in data organization?
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What is the formula for calculating the total number of items in a dataset?
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What is the primary purpose of summarising data?
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What is the median of a dataset with an even number of values?
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What is the formula for calculating the range of a dataset?
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What is the purpose of using measures of central tendency?
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What is the primary purpose of using measures of spread?
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What is the primary purpose of using frequency tables in data organization?
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What is the main advantage of using line graphs in data analysis?
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Which type of graph is suitable for showing the relationship between the cost of electricity and the number of units consumed?
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What is the purpose of calculating the range in a set of data?
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What is the main purpose of a financial document, such as a municipal bill?
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What is the term for the amount of money paid into an account?
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What is the purpose of using histograms in data analysis?
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What is the formula for calculating the mean of a set of values?
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What is the primary purpose of analysing data?
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What is the term for the amount of money owed?
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What is the purpose of using tariff systems in financial management?
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What is the primary purpose of municipal tariffs?
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What is the formula for calculating the total cost of a telephone bill?
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What is the purpose of a VAT number on a till slip?
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What is the term for the amount of credit still available for use on a store account?
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What is the purpose of a tariff system?
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If the total income is R10,000, total fixed expenses are R3,000, total variable expenses are R2,500, and total occasional expenses are R1,000, what is the monthly savings?
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What is the primary purpose of a municipal bill?
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What is the interest rate on a loan if the principal amount is R5,000 and the interest amount is R1,250?
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What is the formula for calculating the total cost of a municipal bill?
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What is the term for the maximum amount of credit allowed on a store account?
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A person buys a TV set for R5,000, which is inclusive of VAT. If the VAT rate is 14%, what is the price of the TV set exclusive of VAT?
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What is the purpose of a till slip?
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What is the total amount owed if the principal amount is R10,000 and the interest rate is 18% per annum?
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What is the term for the fixed extra cost added to the cost of most items and services in South Africa?
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A person saves R5,000 in a bank account that earns an interest rate of 12% per annum. What is the interest amount earned after one year?
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What is the VAT-exclusive price of a shirt that costs R1,200, inclusive of VAT?
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If the interest rate is 20% per annum, what is the principal amount if the interest amount is R2,000?
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A person buys a laptop for R8,000, which is exclusive of VAT. If the VAT rate is 14%, what is the total amount owed?
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What is the primary purpose of calculating the probability of an event?
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What is the interest rate on a loan if the principal amount is R8,000 and the total amount owed is R10,400?
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A person saves R10,000 in a bank account that earns an interest rate of 15% per annum. What is the total amount after one year?
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What is the difference between a fair and an unfair game?
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What is the purpose of using a tree diagram?
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What is the formula for calculating the probability of an event?
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What is the purpose of using a two-way table?
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What is the difference between an outcome and an event?
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What is the primary purpose of a fixed deposit account?
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What is the purpose of weather predictions?
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What is the main purpose of requesting proof of income when opening a bank account?
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What is the formula for calculating total bank fees?
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What is the formula for calculating the complement of an event?
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What is the probability of an event that is certain to occur?
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What is the term for a document that shows the transactions made on a bank account over a specific period of time?
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What is the purpose of a debit card?
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What is the term for the amount of money in an account at the beginning of a period?
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What is the purpose of a bank's monthly maintenance fee?
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What is the term for a transaction that deposits money into an account?
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What is the purpose of a probability scale?
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What is the term for the difference between income and expenditure, where income exceeds expenditure?
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Which type of income is received as a result of producing and selling goods or services?
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What is the purpose of calculating percentages for budgeting?
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What is the term for financial assistance granted to students, usually from government or private companies?
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What is the classification of expenses that are regular and unchanging, such as rent?
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What is the purpose of drawing up a budget?
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What is the term for a plan for future income and expenses?
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What is the importance of saving in personal finance?
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What is the purpose of comparing statements to budgets?
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What is the term for money earned from renting out property?
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What is the purpose of using a place value table when dealing with large numbers?
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How do you read and write large numbers in words?
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What is the purpose of using decimal commas in number representation?
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How do you order numbers in a correct sequence?
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What is the purpose of using codes in number representation?
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What is the format for representing decimal fractions in alternative contexts?
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What is the purpose of using measurements in number representation?
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What is the format for representing whole numbers in South Africa?
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What is the primary purpose of using the memory keys on a basic calculator?
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When multiplying a number by 100, what happens to the digits of the number?
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What is the purpose of converting mixed numbers to improper fractions?
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What is the result of multiplying a number by its reciprocal?
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What is the purpose of using the change sign key on a calculator?
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What is the purpose of using the order of operations when evaluating expressions?
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What is the purpose of using number representation conventions in South Africa?
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What is the result of adding a positive number and its negative equivalent?
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What is the purpose of using place value tables when comparing large numbers?
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When dividing a mixed number by a fraction, what operation should you perform first?
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What is the correct way to calculate a unit rate?
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What is the purpose of stating the aim of research in data handling?
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Which of the following is a disadvantage of using a questionnaire as a data collection method?
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What is the purpose of using the formula for sample size calculation in research?
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What is the primary advantage of using observation as a data collection method?
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What type of data is suitable for the likert scale?
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What is the purpose of using open-ended questions in a survey?
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What is the main purpose of summarizing data?
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What is the measure of central tendency that is the middle value when data is arranged in ascending or descending order?
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What is the primary advantage of using a combination of data collection methods?
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What is the formula to calculate the mean?
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What is the purpose of using tallies in data organization?
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What is the primary disadvantage of using databases as a data collection method?
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What is the measure of spread that shows how spread out the data values are?
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What is the purpose of using class intervals in data organization?
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What is the primary purpose of using histograms in data representation?
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What is the term for the document that details purchased items or services, their costs, and any outstanding amounts to be paid?
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What is the primary purpose of using line graphs in data representation?
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What is the term for money paid into an account?
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What is the purpose of calculating measures of central tendency and spread in data handling?
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What is the term for the value that appears most frequently in a data set?
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What is the primary purpose of using municipal bills in household finance?
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What is the primary purpose of a municipal bill?
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What is the term for money earned from renting out property?
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What is the term for the amount of credit still available for use on a store account?
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What is the formula for calculating telephone costs?
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What is the term for the fixed extra cost added to the cost of most items and services in South Africa?
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What is the primary purpose of a till slip?
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What is the term for the total amount due after adding the current month's expenses to the opening balance?
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What is the purpose of FICA (the Financial Intelligence Centre Act)?
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What is the difference between a fair game and an unfair game?
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What is the formula for calculating relative frequency?
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