Gr10 Math Lit: November test medium P(1)

What is the range of the probability scale?

0 to 1 (correct)

1 to 100

-1 to 1

0 to 10

What does the term 'fair' mean in a game of chance?

A game that is always won

A game with equal chance of winning or losing (correct)

A game that is always lost

A game that is played unfairly

What is the term for the number of times something happens in a game of chance?

Probability

Random

Trial

Frequency (correct)

What is the difference between theoretical probability and relative frequency?

Theoretical probability is the calculated probability, while relative frequency is the actual result Signup and view all the answers

What is the purpose of a tree diagram in probability?

To show all possible outcomes of an event Signup and view all the answers

What is an example of an event in probability?

Rolling an even number on a die Signup and view all the answers

What is an example of an outcome in probability?

Rolling a 6 on a die Signup and view all the answers

What can be used to show the probability of combined outcomes?

Either tree diagrams or two-way tables Signup and view all the answers

What is a database?

An organized list of data Signup and view all the answers

What is the purpose of using a random sample formula?

To avoid sample bias Signup and view all the answers

What is the formula for calculating the sample size?

n = N / (1 + N(e^2)) Signup and view all the answers

What is the purpose of a relevance check in developing a questionnaire?

To analyze each question for necessity, feasibility, and likelihood of getting an honest answer Signup and view all the answers

What is the difference between open-ended and closed-ended questions?

Open-ended questions allow respondents to answer in their own words, while closed-ended questions provide specific options for respondents to choose from Signup and view all the answers

What is the purpose of a likert scale?

To design closed-ended questions Signup and view all the answers

What is the difference between categorical and numerical data?

Categorical data cannot be measured numerically, while numerical data can be measured numerically Signup and view all the answers

What is the purpose of class intervals in organizing data?

To group data into specific ranges or intervals Signup and view all the answers

What is the formula for finding the total number of items in a dataset?

Total number of items = ∑ Frequencies Signup and view all the answers

What is the purpose of tallies in organizing data?

To count how many of each group there are Signup and view all the answers

What is the formula to calculate the probability of an event?

P(E) = (Number of favourable outcomes) / (Total number of possible outcomes) Signup and view all the answers

What is the purpose of a two-way table in probability?

To show the outcomes of two events, making it easier to calculate combined probabilities Signup and view all the answers

What is the formula for stating the aim of research?

Aim = To find out [specific aspect] about [subject] Signup and view all the answers

What type of question is 'What do you think about [topic]?'?

Open question Signup and view all the answers

What is the purpose of using a combination of question types in research?

To get a comprehensive understanding of the research topic Signup and view all the answers

What is the formula for the complement of an event?

P(not E) = 1 - P(E) Signup and view all the answers

What is the purpose of a tree diagram in probability?

To visualize the outcomes of an event or series of events Signup and view all the answers

What type of question is 'Do you [action/condition]?'?

Closed question Signup and view all the answers

What is the main difference between observation and interview methods of collecting data?

The level of personal contact Signup and view all the answers

What is the purpose of using a questionnaire in collecting data?

To get information from many people, especially those who are spread over a wide area Signup and view all the answers

What is the purpose of summarising data?

To simplify the analysis process Signup and view all the answers

What is the measure of central tendency that shows the central position of a dataset?

Measure of central tendency Signup and view all the answers

What is the formula for calculating the mean?

Sum of all values / Number of values Signup and view all the answers

What is the mode of a dataset?

The value that appears most frequently in the dataset Signup and view all the answers

What is the range of a dataset?

The difference between the highest and lowest values Signup and view all the answers

What type of graph is used to compare parts of a whole?

Pie chart Signup and view all the answers

What type of graph is used to show the relationship between two quantities over time?

Line graph Signup and view all the answers

What is the analysis of data?

A continuous process Signup and view all the answers

What is the purpose of measures of central tendency and spread?

To identify trends and patterns in the data Signup and view all the answers

What is the next step after summarising the data?

To represent the data graphically Signup and view all the answers

What is the purpose of a pie chart in data analysis?

To compare parts of a whole Signup and view all the answers

What is the main difference between a bar graph and a histogram?

The way the bars are arranged Signup and view all the answers

What is the purpose of a tariff system?

To determine the cost of services based on usage Signup and view all the answers

What is the difference between a credit and a debit?

A credit is money paid into an account, while a debit is money paid from an account Signup and view all the answers

What is the purpose of a municipal bill?

To provide information about the property and services used Signup and view all the answers

What is Value Added Tax (VAT)?

A fixed extra cost added to the cost of most items and services Signup and view all the answers

What is the difference between an opening balance and a closing balance?

An opening balance is the amount due before the current month's expenses, while a closing balance is the total amount due after adding the current month's expenses Signup and view all the answers

What is the purpose of a till slip?

To detail purchases made at a store Signup and view all the answers

What is the purpose of an account statement?

To detail purchases, payments made, and amounts owed Signup and view all the answers

What is the purpose of a telephone bill?

To detail charges for landline or cell phone usage Signup and view all the answers

What is the primary purpose of a tariff system?

To provide a schedule of prices for services Signup and view all the answers

What is typically included in municipal tariffs?

Electricity, water, and refuse removal costs Signup and view all the answers

What is the formula for calculating municipal costs?

Total Cost = ∑(Usage in Category × Tariff for Category) Signup and view all the answers

What is the difference between a salary and a wage?

A salary is paid for work done over a longer period, while a wage is paid for work done in a shorter period Signup and view all the answers

What is the purpose of a budget?

To balance expenditure with income Signup and view all the answers

What is the difference between a surplus and a deficit?

A surplus is when income exceeds expenditure, while a deficit is when expenditure exceeds income Signup and view all the answers

What is the formula for calculating profit?

Profit = Total Income - Cost of Production Signup and view all the answers

What is the primary purpose of a transport tariff?

To charge per unit distance traveled Signup and view all the answers

What is classified as variable income?

Income that changes over time or with situations, such as commissions Signup and view all the answers

What is the purpose of a study loan?

To assist with financial matters during a student's study period Signup and view all the answers

What is the primary use of positive and negative numbers?

To represent values below or above zero, such as debts or temperatures Signup and view all the answers

What is the rule for rounding a number to the nearest 10?

Numbers with units digits 1-4 round down, 5-9 round up Signup and view all the answers

What is the definition of a rate?

Comparison of two numbers with different units Signup and view all the answers

How do you calculate a percentage value?

Convert the percentage to a fraction and multiply by the given amount Signup and view all the answers

What is the term for an increase in the original price?

Increase Signup and view all the answers

Why is contextual rounding important?

To consider the practical implications of rounding in real-life situations Signup and view all the answers

What is exempt from Value Added Tax (VAT)?

Basic foods like bread and milk Signup and view all the answers

What is the formula to calculate the VAT amount on a VAT-exclusive price?

VAT Amount = Price × VAT Rate Signup and view all the answers

What type of bank account earns interest and does not have an overdraft facility?

Savings Account Signup and view all the answers

What is the purpose of a bank statement?

To show the transactions and balance of the account Signup and view all the answers

What is a debit transaction?

Amount of money paid out of an account Signup and view all the answers

What is the purpose of FICA (the Financial Intelligence Centre Act)?

To prevent fraud and money laundering Signup and view all the answers

What is a bank account that can be used to purchase items now and pay for them later?

Credit Account Signup and view all the answers

What is the term for the amount of money in the account at the beginning and end of the period?

Opening and Closing Balance Signup and view all the answers

What is a transaction fee?

A fee charged for every transaction Signup and view all the answers

Why is it important to choose the appropriate bank account for your needs?

To reduce transaction fees Signup and view all the answers

What is the main purpose of creating a budget?

To plan for future income and expenses Signup and view all the answers

What is the difference between a budget and a statement?

A budget is for future income and expenses, while a statement is for past income and expenses Signup and view all the answers

What is the formula to calculate the amount to spend on each category in a budget?

Amount for Category = (Percentage for Category / 100) × Total Income Signup and view all the answers

Why is it important to repay debts before starting to save?

Because debts accrue interest and reduce available funds for savings Signup and view all the answers

What is the formula to calculate how much you should save each month?

Monthly Savings = Total Income - (Total Fixed Expenses + Total Variable Expenses + Total Occasional Expenses) Signup and view all the answers

What is interest?

The amount of money you are charged for borrowing Signup and view all the answers

What is the formula to calculate the interest amount?

Interest Amount = Principal Amount × Interest Rate Signup and view all the answers

How is VAT calculated?

VAT = 14% of the price of the goods Signup and view all the answers

What is the purpose of VAT?

To provide income to the government Signup and view all the answers

What is the difference between a hire purchase and a loan?

A hire purchase is a way of buying an item and paying for it in monthly instalments, while a loan is a lump sum of money borrowed from a bank Signup and view all the answers

What is the formula for calculating total bank fees?

Monthly Maintenance Fee + Self-Service Banking Fee + Cash Deposit Fee + Withdrawal Fee + Balance Inquiry Fee + Other Transaction Fees Signup and view all the answers

In South Africa, what is used to separate whole numbers from decimal fractions?

Decimal comma Signup and view all the answers

What is the purpose of using a place value table?

To identify the value of each digit in a large number Signup and view all the answers

What is the order of operations in calculations?

BODMAS Signup and view all the answers

What is the purpose of estimating answers to calculations?

To think about a problem before working it out Signup and view all the answers

What is the function of the M+ key on a calculator?

Adds a number to the memory Signup and view all the answers

What is the result of multiplying a number by 10?

Each digit is shifted one place to the left Signup and view all the answers

What is the purpose of breaking down and multiplying large numbers?

To make multiplication and addition easier Signup and view all the answers

What is the purpose of grouping numbers in multiplication and addition?

To make multiplication and addition easier Signup and view all the answers

What is the formula for calculating the bank fee for withdrawal?

Initial Fee + (Additional Fee × Number of Additional Units) Signup and view all the answers

What is the definition of a proper fraction?

Numerator is smaller than the denominator Signup and view all the answers

What operation is required to convert a decimal fraction to a common fraction?

Division Signup and view all the answers

What is the purpose of using a place value table?

To compare numbers Signup and view all the answers

What is the rule for multiplying by 10, 100, and 1000?

Shift each digit to the left by the number of zeros in the multiplier Signup and view all the answers

What is the convention for writing whole numbers in words?

Separate numbers into groups of three digits starting from the right Signup and view all the answers

What is the order of operations when working with numbers and brackets?

BODMAS Signup and view all the answers

What is the purpose of using a calculator?

All of the above Signup and view all the answers

What is the definition of a mixed number?

A combination of a whole number and a fraction Signup and view all the answers

What is the purpose of converting between fractions and decimal fractions?

All of the above Signup and view all the answers

What is the purpose of using a decimal comma in number representation in South Africa?

To separate whole numbers from decimal fractions Signup and view all the answers

What is the probability of an event that is certain to occur?

1 Signup and view all the answers

What is the term for the actual result of an experiment?

Relative frequency Signup and view all the answers

What is used to show all possible outcomes of a single event?

Tree diagram Signup and view all the answers

What is the type of game that has an equal chance of winning or losing?

Fair game Signup and view all the answers

What is the term for a collection of one or more outcomes?

Event Signup and view all the answers

What is the probability of an event that is impossible to occur?

0 Signup and view all the answers

What is used to show all possible outcomes of combined events?

Two-way table Signup and view all the answers

What is the probability of an event that is very likely to occur?

Near 1 Signup and view all the answers

What is the probability of an event if it occurs 80 times out of 100?

80% Signup and view all the answers

What type of question is used to obtain quantitative data?

Closed question Signup and view all the answers

What is the purpose of using a combination of question types in research?

To obtain comprehensive and in-depth data Signup and view all the answers

What is the formula for calculating the probability of an event?

P(E) = Number of favourable outcomes / Total number of possible outcomes Signup and view all the answers

What is the purpose of a two-way table in probability?

To show the probability of combined outcomes Signup and view all the answers

What is the purpose of a tree diagram in probability?

To provide a visual representation of all possible outcomes of an event or series of events Signup and view all the answers

What is the formula for the complement of an event?

P(not E) = 1 - P(E) Signup and view all the answers

What is the purpose of observing data in research?

To collect data without personal contact Signup and view all the answers

What is the purpose of using a questionnaire in collecting data?

To collect data from a large number of people Signup and view all the answers

What is the aim of research before starting the research process?

To find out a specific aspect about the subject Signup and view all the answers

What is the primary purpose of using a database?

To organize and store data for future use Signup and view all the answers

What is the potential consequence of not choosing a random sample?

Sample bias and unreliable data Signup and view all the answers

What is the purpose of a relevance check in developing a questionnaire?

To determine the necessary questions Signup and view all the answers

What is the primary difference between open-ended and closed-ended questions?

The type of response required Signup and view all the answers

What is the purpose of classifying data into categorical and numerical data?

To organize data for analysis Signup and view all the answers

What is the purpose of using tallies in organizing data?

To count the frequency of each group Signup and view all the answers

What is the formula for calculating the total number of items in a dataset?

Total number of items = ∑ Frequencies Signup and view all the answers

What is the purpose of using a likert scale in a questionnaire?

To provide specific options for respondents to choose from Signup and view all the answers

What is the purpose of organizing data into class intervals?

To make it easier to manage large datasets Signup and view all the answers

What is the purpose of a frequency table in organizing data?

To show the list of categories or groups of items, along with the number of times each item occurs Signup and view all the answers

What is the primary purpose of summarising data?

To simplify the analysis process Signup and view all the answers

What is the formula for calculating the mean?

(Sum of all values) / (Number of values) Signup and view all the answers

What is the purpose of a pie chart in data analysis?

To compare parts of a whole Signup and view all the answers

What is the median of a dataset?

The middle value when the data is arranged in ascending or descending order Signup and view all the answers

What is the purpose of measures of central tendency and spread?

To summarise the data efficiently for better analysis and interpretation Signup and view all the answers

What is the range of a dataset?

The difference between the highest and lowest values in the dataset Signup and view all the answers

What is the next step after summarising the data?

To represent the data graphically Signup and view all the answers

What is the purpose of a bar graph in data analysis?

To display data that can be compared across different categories Signup and view all the answers

What is the main difference between a bar graph and a histogram?

The bars in histograms are adjacent to indicate that the data is continuous Signup and view all the answers

What is the purpose of analysis in data analysis?

To carefully examine the information and make decisions based on it Signup and view all the answers

What is the main purpose of a histogram in data analysis?

To show continuous data that is grouped into intervals Signup and view all the answers

What is the term for the amount of money owed?

Debt Signup and view all the answers

What is the purpose of a municipal bill?

To provide detailed information about the property, services used, and amounts due Signup and view all the answers

What is the purpose of a tariff system?

To determine the cost of services based on usage Signup and view all the answers

What is the purpose of a till slip?

To provide details of purchased items, including their prices and VAT charged Signup and view all the answers

What is the term for the maximum amount of credit allowed?

Credit Limit Signup and view all the answers

What is the purpose of a telephone bill?

To detail charges for landline or cell phone usage Signup and view all the answers

What is Value Added Tax (VAT)?

A fixed extra cost added to the cost of most items and services Signup and view all the answers

What is the difference between an opening balance and a closing balance?

The opening balance is the amount due on the account before the current month's expenses, while the closing balance is the total amount due after adding the current month's expenses Signup and view all the answers

What is the purpose of an account statement?

To detail purchases, payments made, and amounts owed Signup and view all the answers

What is the main purpose of a tariff system?

To provide a pre-determined schedule of prices for services Signup and view all the answers

What is the formula for calculating telephone costs?

Total Cost = Basic Fixed Charge + (Rate per Second × Duration in Seconds) Signup and view all the answers

What is the difference between a surplus and a deficit?

A surplus is when income exceeds expenditure, while a deficit is when expenditure exceeds income Signup and view all the answers

What is the term for money earned from producing and selling goods or services?

Profit Signup and view all the answers

What is the purpose of a budget?

To plan and balance income and expenditure Signup and view all the answers

What is the term for regular and unchanging income?

Fixed Income Signup and view all the answers

What is the formula for calculating municipal costs?

Total Cost = Sum of (Usage in Category × Tariff for Category) Signup and view all the answers

What is the term for infrequent income, such as gifts or inheritance?

Occasional Income Signup and view all the answers

What is the term for the amount of money owed?

Debt Signup and view all the answers

What is the purpose of a study loan?

To provide financial assistance to students Signup and view all the answers

What is the main purpose of a budget?

To plan for future income and expenses Signup and view all the answers

What is the difference between a budget and a statement?

A budget is a plan for future income and expenses, while a statement is a record of actual income and expenses Signup and view all the answers

What is the importance of saving?

It is essential for preparing for unexpected costs, annual bills, and important events Signup and view all the answers

What is the formula for calculating the monthly savings?

Monthly Savings = Total Income - (Total Fixed Expenses + Total Variable Expenses + Total Occasional Expenses) Signup and view all the answers

What is the purpose of a bank account?

To deposit and withdraw money, earn interest, and keep track of one's financial transactions Signup and view all the answers

What type of bank account is used to deposit and withdraw money, and usually has an overdraft facility?

Cheque or Current Account Signup and view all the answers

What is the definition of interest rate?

A percentage charged for the borrowing or loan of a sum of money over a given period of time Signup and view all the answers

What is the purpose of using negative numbers?

To represent values below zero, such as debts or temperatures Signup and view all the answers

What is the rule for rounding a number to the nearest 10?

Numbers with units digits 1-4 round down, 5-9 round up Signup and view all the answers

What is the term for the amount of money in the account at the beginning and the end of the period?

Opening and Closing Balance Signup and view all the answers

How do you calculate the interest amount if you know the interest rate?

Interest Amount = Principal Amount x Interest Rate Signup and view all the answers

What is the purpose of Value Added Tax (VAT)?

To charge a tax on goods and services Signup and view all the answers

What is the term for the comparison of two numbers with different units?

Rate Signup and view all the answers

What is the purpose of supplying certain information and documents when opening a bank account?

To comply with the Financial Intelligence Centre Act (FICA) Signup and view all the answers

How do you calculate the percentage value of a given amount?

Convert the percentage to a fraction and multiply it by the given amount Signup and view all the answers

How is VAT calculated?

VAT = 14% of the price of the goods Signup and view all the answers

What is the purpose of a bank statement?

To show the transactions, balance, and other relevant information about the account Signup and view all the answers

What is the term for the decrease from the original price of an item?

Discount Signup and view all the answers

What is the purpose of finding better deals on existing expenses in budgeting for savings?

To transfer balances to lower interest accounts Signup and view all the answers

What is the term for the amount of money paid out of an account?

Debit Transaction Signup and view all the answers

What is the purpose of banking fees?

To charge customers for the services provided by the bank Signup and view all the answers

What is the opposite of a negative number?

A positive number Signup and view all the answers

What is the result of comparing statements to budgets?

It helps to track financial performance Signup and view all the answers

What is the purpose of Value Added Tax (VAT)?

To charge a tax on goods and services Signup and view all the answers

What is the formula to calculate the VAT amount?

VAT Amount = Price x VAT Rate Signup and view all the answers

What is the term for an item that does not have VAT added to the price?

VAT Exempt Signup and view all the answers

What is the formula for calculating the total bank fees?

Monthly Maintenance Fee + Self-Service Banking Fee + Cash Deposit Fee + Withdrawal Fee + Balance Inquiry Fee + Other Transaction Fees Signup and view all the answers

What is the convention in South Africa for separating whole numbers from decimal fractions?

Using a decimal comma Signup and view all the answers

What is the purpose of using a place value table?

To identify the value of each digit in a large number Signup and view all the answers

What is the rule for multiplying a number by 10?

Shift each digit one place to the left Signup and view all the answers

What is the purpose of estimating answers to calculations?

To think about a problem before working it out Signup and view all the answers

What is the formula for calculating the bank fee for withdrawal?

Initial Fee + (Additional Fee × Number of Additional Units) Signup and view all the answers

What is the acronym used to remember the order of operations?

BODMAS Signup and view all the answers

What is the purpose of using a calculator?

To perform basic operations and other functions Signup and view all the answers

What is the definition of a proper fraction?

Numerator is smaller than the denominator Signup and view all the answers

What is the purpose of breaking down and multiplying large numbers?

To make multiplication and addition easier Signup and view all the answers

What is the purpose of grouping numbers in multiplication?

To make multiplication and addition easier Signup and view all the answers

How do you convert a common fraction to a decimal fraction?

Use division to convert Signup and view all the answers

What is the purpose of using a place value table?

To compare the size of numbers Signup and view all the answers

What operation is performed when dividing fractions?

Multiply by the reciprocal of the divisor Signup and view all the answers

What is the purpose of estimating in math problems?

To check the accuracy of answers Signup and view all the answers

What is the convention for writing whole numbers in words?

Separate numbers into groups of three digits Signup and view all the answers

What is the order of operations when using a calculator?

BODMAS Signup and view all the answers

What is the result of adding a number and its opposite?

Zero Signup and view all the answers

What is the purpose of a mixed number?

To combine a whole number and a fraction Signup and view all the answers

What is the format for writing numbers in South Africa?

Decimal comma separates whole numbers from decimal fractions Signup and view all the answers

What is the probability of an event that is certain to occur?

1 Signup and view all the answers

What is the term for the actual result of an experiment?

Relative frequency Signup and view all the answers

What type of game is weighted to favor one player over another?

Unfair game Signup and view all the answers

What is the purpose of a tree diagram in probability?

To show all possible outcomes of an event Signup and view all the answers

What is the collection of one or more outcomes in probability?

Event Signup and view all the answers

What is the probability of an event that is impossible to occur?

0 Signup and view all the answers

What is the term for the number of times something happens in a game of chance?

Frequency Signup and view all the answers

What is an example of a combined outcome in probability?

Rolling an even number Signup and view all the answers

What type of graph is used to display data that is compared across categories?

Bar graph Signup and view all the answers

What is the primary purpose of a tariff system?

To determine the cost of services based on usage Signup and view all the answers

What is the purpose of summarising data?

To simplify the analysis process Signup and view all the answers

What is the difference between a credit and a debit?

A credit is an increase in an account, while a debit is a decrease Signup and view all the answers

What is the measure of central tendency that shows the central position of a dataset?

Mean Signup and view all the answers

What is the purpose of a municipal bill?

To calculate the total amount due for utility services Signup and view all the answers

What type of graph is used to compare parts of a whole?

Pie chart Signup and view all the answers

What is the formula for calculating the mean?

(Sum of values) / (Number of values) Signup and view all the answers

What is the purpose of a till slip?

To detail the items purchased, including prices and VAT Signup and view all the answers

What is the purpose of an account statement?

To detail the purchases, payments, and amounts owed Signup and view all the answers

What is the purpose of measures of central tendency and spread?

To help in summarising the data efficiently Signup and view all the answers

What is the next step after summarising the data?

Representing data graphically Signup and view all the answers

What is Value Added Tax (VAT)?

A fixed extra cost added to the cost of most items and services Signup and view all the answers

What is the mode of a dataset?

The value that appears most frequently Signup and view all the answers

What is the difference between an opening balance and a closing balance?

An opening balance is the amount due at the beginning of the month, while a closing balance is the amount due at the end Signup and view all the answers

What is the purpose of a telephone bill?

To detail the charges for landline or cell phone usage Signup and view all the answers

What is the range of a dataset?

The difference between the highest and lowest values Signup and view all the answers

What is the purpose of a histogram in data analysis?

To represent continuous data grouped into intervals Signup and view all the answers

What is the purpose of financial documents?

To manage personal and household finances Signup and view all the answers

What is the analysis of data?

A continuous process Signup and view all the answers

What is the purpose of a random sample formula?

To ensure every individual in the population has an equal chance of being selected Signup and view all the answers

What is the main difference between categorical and numerical data?

Categorical data cannot be measured numerically, while numerical data can Signup and view all the answers

What is the purpose of a relevance check in developing a questionnaire?

To analyze each question for necessity, feasibility, and likelihood of getting an honest answer Signup and view all the answers

What is the purpose of using a likert scale in a questionnaire?

To provide a range of response options for respondents to choose from Signup and view all the answers

What is the purpose of classifying data?

To organize data into categories Signup and view all the answers

What is the purpose of using tallies in organizing data?

To count the number of items in a group Signup and view all the answers

What is the formula for calculating the sample size?

n = N/(1 + N(e^2)) Signup and view all the answers

What is the purpose of a questionnaire in collecting data?

To collect data from a large group of people in a structured and standardized way Signup and view all the answers

What is the formula for calculating probability?

P(E) = Number of favourable outcomes / Total number of possible outcomes Signup and view all the answers

What is the formula for finding the total number of items in a dataset?

Total number of items = Sum of frequencies of all class intervals Signup and view all the answers

What is the purpose of a two-way table in probability?

To calculate the probability of combined outcomes Signup and view all the answers

What is the purpose of developing a good questionnaire?

To ensure that the information collected is valid and accurate Signup and view all the answers

What is the main difference between closed and open questions?

Closed questions provide quantitative data, while open questions provide qualitative data Signup and view all the answers

What is the purpose of a tree diagram in probability?

To provide a visual representation of all possible outcomes of an event or series of events Signup and view all the answers

What is the formula for stating the aim of research?

Aim = To find out [specific aspect] about [subject] Signup and view all the answers

What is the purpose of using a combination of question types in research?

To obtain both quantitative and qualitative data Signup and view all the answers

What is the purpose of observation as a method of collecting data?

To collect data without personal contact with respondents Signup and view all the answers

What is the purpose of an interview as a method of collecting data?

To collect data through direct contact with respondents Signup and view all the answers

What is the purpose of a questionnaire as a method of collecting data?

To collect data from a large number of respondents over a wide area Signup and view all the answers

What is the formula for the complement of an event?

P(not E) = 1 - P(E) Signup and view all the answers

What is the purpose of a tariff system?

To provide a schedule of prices for services Signup and view all the answers

What type of income is received from renting out property?

Rental Income Signup and view all the answers

What is the formula for calculating municipal costs?

Total Cost = ∑ (Usage in Category × Tariff for Category) Signup and view all the answers

What is the difference between a surplus and a deficit?

Surplus is when income exceeds expenditure, and deficit is when expenditure exceeds income Signup and view all the answers

What is the purpose of a budget?

To plan expenditure based on expected income Signup and view all the answers

What is the formula for calculating telephone costs?

Total Cost = Basic Fixed Charge + (Rate per Second × Duration in Seconds) Signup and view all the answers

What type of expenditure is classified as regular and unchanging?

Fixed Expenses Signup and view all the answers

What is the formula for calculating profit?

Profit = Total Income - Cost of Production Signup and view all the answers

What is the purpose of a study loan?

To provide financial assistance to students Signup and view all the answers

What is the difference between a bursary and a study loan?

A bursary is financial assistance, while a study loan is a loan Signup and view all the answers

What type of bank account earns interest?

Savings Account Signup and view all the answers

What is the purpose of a bank statement?

To show the account holder's transactions Signup and view all the answers

What is the term for the amount of money paid out of an account?

Debit transaction Signup and view all the answers

What is the purpose of supplying certain documents when opening a bank account?

All of the above Signup and view all the answers

What is the term for the person whose name the account is in?

Account holder Signup and view all the answers

What is the term for the amount of money in the account at the beginning and end of the period?

Opening and closing balance Signup and view all the answers

What is the purpose of bank fees?

To charge account holders for using bank services Signup and view all the answers

What is the term for the amount of money deposited into an account?

Credit transaction Signup and view all the answers

What type of bank account is used for long-term savings?

Fixed Deposit Account Signup and view all the answers

Which of the following items is exempt from VAT?

Taxi fares Signup and view all the answers

What is the primary purpose of a budget?

To plan for future income and expenses Signup and view all the answers

What is the difference between a budget and a statement?

A budget is a plan for future income and expenses, while a statement is a record of actual income and expenses Signup and view all the answers

What is the purpose of saving?

To prepare for unexpected costs, annual bills, and important events Signup and view all the answers

What is the formula for calculating monthly savings?

Monthly Savings = Total Income - (Total Fixed Expenses + Total Variable Expenses + Total Occasional Expenses) Signup and view all the answers

What is interest?

A percentage charged for the borrowing of money Signup and view all the answers

How is the interest rate calculated if we are given the final amount and need to find the interest rate?

Interest Rate = (Interest Amount / Original Amount) x 100 Signup and view all the answers

What is Value Added Tax (VAT)?

A tax on goods and services Signup and view all the answers

What percentage of the price of goods is VAT charged at?

14% Signup and view all the answers

Who pays the VAT?

The final consumer Signup and view all the answers

What is the purpose of comparing statements to budgets?

To track financial performance Signup and view all the answers

What is the purpose of using negative numbers in real-life situations?

To represent values below zero, such as debts or temperatures Signup and view all the answers

When rounding a number to the nearest 10, what happens to numbers with units digits 1-4?

They round down Signup and view all the answers

What is the definition of a rate?

A comparison of two numbers with different units Signup and view all the answers

What is the next step in calculating a percentage after converting the percentage to a fraction?

Multiplying the fraction by the given amount Signup and view all the answers

What is the difference between a discount and an increase in percentage?

A discount is a decrease, and an increase is an additional amount Signup and view all the answers

What is the purpose of simplifying ratios?

To make the ratio easier to understand and compare Signup and view all the answers

What is the formula for calculating the total bank fees?

Monthly Maintenance Fee + Self-Service Banking Fee + Cash Deposit Fee + Withdrawal Fee + Balance Inquiry Fee + Other Transaction Fees Signup and view all the answers

In South Africa, what is used to separate whole numbers from decimal fractions?

Decimal comma Signup and view all the answers

What is the purpose of using a place value table?

To identify the value of each digit Signup and view all the answers

What is the correct order of operations in calculations?

BODMAS Signup and view all the answers

What is the purpose of the 'Change Sign' key on a calculator?

To change the sign of a number Signup and view all the answers

How do you multiply a number by 100?

Shift each digit two places to the left Signup and view all the answers

What is the purpose of using a formula for calculating the bank fee for withdrawal?

To calculate the bank fee for withdrawal Signup and view all the answers

What is the purpose of writing numbers in words?

To read and write large numbers Signup and view all the answers

What is the purpose of creating a place value table when arranging numbers in order?

To compare digits starting from the leftmost column Signup and view all the answers

What is the purpose of estimating answers to calculations?

To think about a problem before working it out Signup and view all the answers

What is a common fraction where the numerator is larger than the denominator?

Improper Fraction Signup and view all the answers

How do you add or subtract fractions?

Find the least common multiple of the denominators and convert both fractions to have that denominator Signup and view all the answers

What is the result of adding a number and its opposite?

Zero Signup and view all the answers

How do you convert a common fraction to a decimal fraction?

Divide the numerator by the denominator Signup and view all the answers

What is the purpose of using a place value table?

To compare the size of numbers Signup and view all the answers

What is the order of operations when using brackets in a calculation?

Brackets, then orders, then division and multiplication, then addition and subtraction Signup and view all the answers

How do you multiply a number by 10, 100, or 1000?

Shift each digit to the left by the number of zeros in the multiplier Signup and view all the answers

What is the purpose of estimating in a calculation?

To think about a problem before solving it Signup and view all the answers

What is the format for writing whole numbers in words?

Starting from the right, separate numbers into groups of three digits Signup and view all the answers

What is the purpose of using a calculator?

To perform arithmetic operations Signup and view all the answers

What is the probability of an event that is certain to occur?

1 Signup and view all the answers

What is the term for the calculated probability of an event?

Theoretical Probability Signup and view all the answers

What is the purpose of a tree diagram?

To show all possible outcomes of an event Signup and view all the answers

What is the term for a collection of one or more outcomes?

Event Signup and view all the answers

What is an example of a combined outcome?

Rolling an even number Signup and view all the answers

What is the characteristic of a fair game?

Equal chance of winning or losing Signup and view all the answers

What is the term for the actual result of an experiment?

Relative Frequency Signup and view all the answers

What is the probability of an event that is impossible to occur?

0 Signup and view all the answers

What is the main purpose of summarising data?

To simplify the analysis process Signup and view all the answers

What is the measure of central tendency that shows the average of a set of values?

Mean Signup and view all the answers

What is the type of graph used to show the relationship between two quantities over time?

Line graph Signup and view all the answers

What is the main difference between a bar graph and a histogram?

The way the bars are arranged Signup and view all the answers

What is the formula for calculating the mean?

Mean = (Sum of values) / (Number of values) Signup and view all the answers

What is the purpose of a pie chart in data analysis?

To compare parts of a whole Signup and view all the answers

What is the analysis of data?

The process of examining data to make decisions Signup and view all the answers

What is the measure of spread that shows how spread out the data values are?

Range Signup and view all the answers

What is the next step after summarising the data?

Representing the data graphically Signup and view all the answers

What is the purpose of measures of central tendency and spread?

To help in summarising the data efficiently Signup and view all the answers

What is the formula for calculating the probability of an event?

P(E) = (Number of favourable outcomes) / (Total number of possible outcomes) Signup and view all the answers

What type of question is 'What do you think about [topic]?'?

Open question Signup and view all the answers

What is the purpose of using a combination of question types in research?

To get both quantitative and qualitative data Signup and view all the answers

What is the formula for the complement of an event?

P(not E) = 1 - P(E) Signup and view all the answers

What is the purpose of a two-way table in probability?

To show the probability of combined outcomes Signup and view all the answers

What is the main difference between observation and interview methods of collecting data?

One involves personal contact, while the other does not Signup and view all the answers

What is the purpose of a questionnaire in collecting data?

To get information from respondents who are spread over a wide area Signup and view all the answers

What type of question is 'Do you [action/condition]?'?

Closed question Signup and view all the answers

What is the purpose of constructing effective questions in research?

To ensure that the questions are clear, concise, and free from bias Signup and view all the answers

What is the purpose of a tree diagram in probability?

To show all possible outcomes of an event or series of events Signup and view all the answers

What is the purpose of a sample in data collection?

To make inferences about the population Signup and view all the answers

What is the main difference between open-ended and closed-ended questions?

Closed-ended questions allow respondents to answer in their own words Signup and view all the answers

What is the purpose of the relevance check in developing a questionnaire?

To ensure each question is necessary and feasible Signup and view all the answers

What is the purpose of a likert scale?

To measure the degree of agreement or opinion Signup and view all the answers

What is the difference between categorical and numerical data?

Categorical data cannot be measured numerically, while numerical data can Signup and view all the answers

What is the purpose of class intervals in organizing data?

To group continuous data into specific ranges Signup and view all the answers

What is the formula for finding the total number of items in a dataset?

Total number of items = ∑ Frequencies Signup and view all the answers

What is the purpose of a frequency table?

To show the list of categories or groups of items, along with the number of times each item occurs Signup and view all the answers

What is the purpose of tallies in organizing data?

To count the number of items in a group Signup and view all the answers

What is the next step after collecting data?

To organize the data Signup and view all the answers

What is a tariff?

A pre-determined schedule of prices for services Signup and view all the answers

What is the main purpose of a histogram in data analysis?

To display continuous data that is grouped into intervals Signup and view all the answers

What is the formula for calculating municipal costs?

Total Cost = ∑ (Usage in Category × Tariff for Category) Signup and view all the answers

What is the key difference between a credit and a debit?

A credit is money paid into an account, while a debit is money paid from an account Signup and view all the answers

What is an example of a variable income?

Commission Signup and view all the answers

What is the purpose of a budget?

To plan expenditure based on expected income Signup and view all the answers

What is the purpose of a municipal bill?

To provide detailed information about the property and services used Signup and view all the answers

What is the difference between a surplus and a deficit?

Surplus is income that exceeds expenditure, while deficit is expenditure that exceeds income Signup and view all the answers

What is the primary purpose of a tariff system?

To determine the cost of services based on usage Signup and view all the answers

What is the purpose of a till slip?

To detail purchases, including prices and VAT charged Signup and view all the answers

What is the formula for calculating the profit?

Profit = Total Income - Cost of Production Signup and view all the answers

What is the purpose of an account statement?

To detail purchases, payments made, and amounts owed Signup and view all the answers

What is the purpose of a telephone tariff?

To charge for telephone calls based on duration and distance Signup and view all the answers

What is the term for the fixed extra cost added to the cost of most items and services in South Africa?

Value Added Tax (VAT) Signup and view all the answers

What is the formula for calculating telephone costs?

Total Cost = Basic Fixed Charge + (Rate per Second × Duration in Seconds) Signup and view all the answers

What is an example of a fixed expense?

Rent Signup and view all the answers

What is the difference between an opening balance and a closing balance?

An opening balance is the amount due on the account before the current month's expenses, while a closing balance is the total amount due after adding the current month's expenses Signup and view all the answers

What type of graph is used to compare parts of a whole?

Pie chart Signup and view all the answers

What is the purpose of a transport tariff?

To charge for services such as transportation Signup and view all the answers

What is the purpose of a telephone bill?

To detail charges for landline or cell phone usage Signup and view all the answers

What is the primary purpose of budgeting?

To plan for future income and expenses Signup and view all the answers

What is the main difference between a budget and a statement?

A budget is a plan for future income and expenses, while a statement is a record of actual income and expenses Signup and view all the answers

What is the formula for calculating the monthly savings?

Total Income - (Total Fixed Expenses + Total Variable Expenses + Total Occasional Expenses) Signup and view all the answers

What is the purpose of saving?

To prepare for unexpected costs, annual bills, and important events Signup and view all the answers

What is the definition of interest rate?

The percentage charged for the borrowing or loan of a sum of money over a given period of time Signup and view all the answers

What is the formula for calculating the interest amount?

Principal Amount x Interest Rate Signup and view all the answers

What is the purpose of Value Added Tax (VAT)?

To generate revenue for the government Signup and view all the answers

What is the percentage of Value Added Tax (VAT) in South Africa?

14% Signup and view all the answers

What is the importance of repaying debts before starting to save?

To avoid accruing interest and reduce available funds for savings Signup and view all the answers

What is the purpose of comparing statements to budgets?

To track financial performance Signup and view all the answers

What is the purpose of using negative numbers?

To represent values below zero, such as debts or temperatures Signup and view all the answers

When rounding a number to the nearest 10, which of the following is true?

Numbers with units digits 1-4 round down, 5-9 round up Signup and view all the answers

What is the definition of a ratio?

A comparison of two or more numbers of the same type Signup and view all the answers

How do you calculate a percentage value?

By converting the percentage to a fraction and multiplying by the given amount Signup and view all the answers

What is a unit rate?

A rate that compares two quantities with one of the quantities being one unit Signup and view all the answers

What is the difference between a discount and an increase?

A discount is a decrease from the original price, while an increase is an additional amount added to the original price Signup and view all the answers

What is the primary purpose of VAT exemption?

To reduce the cost of essential items Signup and view all the answers

What is the formula to calculate the VAT amount?

VAT Amount = Price × VAT Rate Signup and view all the answers

What is the purpose of a bank statement?

To show the transaction history Signup and view all the answers

What is the main difference between a savings account and a cheque account?

The overdraft facility Signup and view all the answers

What is the purpose of FICA?

To require certain information and documents when opening a bank account Signup and view all the answers

What is a debit transaction?

A withdrawal from an account Signup and view all the answers

What is the purpose of bank charges?

To increase revenue for the bank Signup and view all the answers

What is the purpose of a fixed deposit account?

To earn interest on a lump sum Signup and view all the answers

What is the difference between a credit account and a debit account?

The ability to purchase items now and pay for them later Signup and view all the answers

What is the purpose of a bank account package?

To offer a range of accounts and services Signup and view all the answers

What is the formula for calculating the total bank fees?

Monthly Maintenance Fee + Self-Service Banking Fee + Cash Deposit Fee + Withdrawal Fee + Balance Inquiry Fee + Other Transaction Fees Signup and view all the answers

What is the purpose of using a place value table?

To identify the value of each digit in a large number Signup and view all the answers

How do you multiply a number by 10?

Shift each digit one place to the left Signup and view all the answers

What is the purpose of using a calculator's memory function?

To add or subtract a number from the memory Signup and view all the answers

What is the acronym used to remember the order of operations?

BODMAS Signup and view all the answers

What is the purpose of breaking down large numbers into smaller parts?

To make multiplication and addition easier Signup and view all the answers

What is the convention for separating whole numbers from decimal fractions in South Africa?

Using a decimal comma Signup and view all the answers

What is the purpose of estimating answers to calculations?

To think about a problem before working it out Signup and view all the answers

How do you arrange numbers in order?

Create a place value table and compare the numbers column by column Signup and view all the answers

What is the purpose of using the formula for bank fee for withdrawal?

To calculate the initial fee and additional fee Signup and view all the answers

What is a characteristic of a proper fraction?

Numerator is smaller than the denominator. Signup and view all the answers

What is the process of converting a common fraction to a decimal fraction?

Dividing the numerator by the denominator. Signup and view all the answers

What is the purpose of a convention in number formats?

To create a standard way of writing numbers. Signup and view all the answers

What is the result of adding a number and its opposite?

Zero. Signup and view all the answers

What is the purpose of estimating in mathematical problems?

To think about a problem before solving it. Signup and view all the answers

What is the order of operations in BODMAS?

Brackets, Orders, Division, Multiplication, Addition, Subtraction. Signup and view all the answers

What is the result of multiplying a number by 10?

The number is shifted to the left by one digit. Signup and view all the answers

What is the purpose of converting between fractions and decimal fractions?

To make calculations easier. Signup and view all the answers

What is the purpose of a mixed number?

To represent a combination of a whole number and a fraction. Signup and view all the answers

What is the purpose of using a place value table?

To compare numbers. Signup and view all the answers

Gr10 Math Lit: November test medium P(1)

Questions and Answers

What is the range of the probability scale?

What does the term 'fair' mean in a game of chance?

What is the term for the number of times something happens in a game of chance?

What is the difference between theoretical probability and relative frequency?

What is the purpose of a tree diagram in probability?

What is an example of an event in probability?

What is an example of an outcome in probability?

What can be used to show the probability of combined outcomes?

What is a database?

What is the purpose of using a random sample formula?

What is the formula for calculating the sample size?

What is the purpose of a relevance check in developing a questionnaire?

What is the difference between open-ended and closed-ended questions?

What is the purpose of a likert scale?

What is the difference between categorical and numerical data?

What is the purpose of class intervals in organizing data?

What is the formula for finding the total number of items in a dataset?

What is the purpose of tallies in organizing data?

What is the formula to calculate the probability of an event?

What is the purpose of a two-way table in probability?

What is the formula for stating the aim of research?

What type of question is 'What do you think about [topic]?'?

What is the purpose of using a combination of question types in research?

What is the formula for the complement of an event?

What is the purpose of a tree diagram in probability?

What type of question is 'Do you [action/condition]?'?

What is the main difference between observation and interview methods of collecting data?

What is the purpose of using a questionnaire in collecting data?

What is the purpose of summarising data?

What is the measure of central tendency that shows the central position of a dataset?

What is the formula for calculating the mean?

What is the mode of a dataset?

What is the range of a dataset?

What type of graph is used to compare parts of a whole?

What type of graph is used to show the relationship between two quantities over time?

What is the analysis of data?

What is the purpose of measures of central tendency and spread?

What is the next step after summarising the data?

What is the purpose of a pie chart in data analysis?

What is the main difference between a bar graph and a histogram?

What is the purpose of a tariff system?

What is the difference between a credit and a debit?

What is the purpose of a municipal bill?

What is Value Added Tax (VAT)?

What is the difference between an opening balance and a closing balance?

What is the purpose of a till slip?

What is the purpose of an account statement?

What is the purpose of a telephone bill?

What is the primary purpose of a tariff system?

What is typically included in municipal tariffs?

What is the formula for calculating municipal costs?

What is the difference between a salary and a wage?

What is the purpose of a budget?

What is the difference between a surplus and a deficit?

What is the formula for calculating profit?

What is the primary purpose of a transport tariff?

What is classified as variable income?

What is the purpose of a study loan?

What is the primary use of positive and negative numbers?

What is the rule for rounding a number to the nearest 10?

What is the definition of a rate?

How do you calculate a percentage value?

What is the term for an increase in the original price?

Why is contextual rounding important?

What is exempt from Value Added Tax (VAT)?

What is the formula to calculate the VAT amount on a VAT-exclusive price?

What type of bank account earns interest and does not have an overdraft facility?

What is the purpose of a bank statement?

What is a debit transaction?

What is the purpose of FICA (the Financial Intelligence Centre Act)?

What is a bank account that can be used to purchase items now and pay for them later?

What is the term for the amount of money in the account at the beginning and end of the period?

What is a transaction fee?

Why is it important to choose the appropriate bank account for your needs?

What is the main purpose of creating a budget?

What is the difference between a budget and a statement?

What is the formula to calculate the amount to spend on each category in a budget?

Why is it important to repay debts before starting to save?