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8. MATCH the definitions/expressions below with the terms in the list below [10 marks] AMORTIZATION PERIOD INTERPOLATION POPULATION OUTLIER PRICE INDEX STATISTICS PERCENTILE FIXED COSTS
8. MATCH the definitions/expressions below with the terms in the list below [10 marks] AMORTIZATION PERIOD INTERPOLATION POPULATION OUTLIER PRICE INDEX STATISTICS PERCENTILE FIXED COSTS STRATIFED SAMPLE VARIABLE TERM ANNUITY VOLUNTARY SAMPLE I EXTRAPOLATION BUDGET SAMPLING BIAS A number between 1 to 99 indicating the percent of the population with a score less than or equal to a specific value Period of time to completely pay off a mortgage Describes the price of an item compared to a base value measured at a particular time Prediction of values beyond the range of given data A sample type that is typical of the entire population Estimation of values within the range of given data The same amount charged at regular intervals All individuals or items that belong to a group being studied. Process of collecting, analyzing, and interpreting data A point numerically distant from the rest of the data
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