- Aboriginal and Torres Strait Islander Peoples
Aboriginal Peoples are the first peoples of Australia and are represented by over 250 language groups each associated with a particular Country or territory. Torres Strait Islander Peoples whose island territories to the north east of Australia were annexed by Queensland in 1879 are also Indigenous Australians and are represented by five cultural groups.

An Aboriginal and/or Torres Strait Islander person is someone who:

- is of Aboriginal and/or Torres Strait Islander descent
- identifies as an Aboriginal person and/or Torres Strait Islander person, and
- is accepted as such by the Aboriginal and/or Torres Strait Islander community in which they live.

- absolute error
The absolute error of a measurement is half of the smallest unit on the measuring device. The smallest unit is called the precision of the device.

\[ Absolute\,error= \pm \frac{1}{2}\times Precision\]

- allowable tax deductions
Allowable tax deductions are expenses incurred that are related to your job and profession and can be deducted from your salary to obtain your taxable income. These form part of an individual’s or company’s tax return.

- ambiguous case
The ambiguous case refers to using the sine rule to calculate the size of an angle in a triangle where there are two possibilities for the angle, one obtuse and one acute, leading to two possible non-congruent triangles.

- angles of elevation and depression
When an observer looks at an object that is lower than ‘the eye of the observer’, the angle between the line of sight and the horizontal is called the angle of depression.

When an observer looks at an object that is higher than ‘the eye of the observer’, the angle between the line of sight and the horizontal is called the angle of elevation.

- annuity
An annuity is a compound interest investment from which payments are made or received on a regular basis for a fixed period of time.

- appreciated value
Appreciation is an increase in the value of an asset over time. An appreciated value is the value an asset has increased to over that time.

- area of a triangle
The area of any triangle

*\(ABC\)*is given by:

\[Area=\frac{1}{2}ab\sin C\,\left(\text{or alternatively }Area=\frac{1}{2}(base\times height)\right)\]- array
An array is an ordered collection of objects or numbers.

- association
In statistics, association refers to the general relationship between two variables.

- asymptote
An asymptote to a curve is a line that the curve begins to imitate at infinity.

- bearing
A bearing is a direction from one point on the Earth’s surface to another. Two types of bearings may be used: compass bearing and true bearings.

- bias
Bias depends upon the context but may generally refer to a systematic favouring of certain outcomes more than others, due to unfair influence (knowingly or otherwise).

- bivariate data
Bivariate data is data relating to two variables that have both been measured on the same set of items or individuals. For example, the arm spans and heights of 16-year-olds, the sex of primary school students and their attitude to playing sport.

- blood alcohol content (BAC)
Blood alcohol content (or BAC) is calculated using the formulae specified in the syllabus. It measures the amount of alcohol present in the bloodstream and may be used for legal purposes.

- blood pressure
Blood pressure is the pressure exerted by circulating blood upon the walls of blood vessels. It is usually measured at a person's upper arm. Blood pressure is expressed in terms of the systolic (maximum) pressure over diastolic (minimum) pressure and is measured in millimetres of mercury (mm Hg).

- box-plot
A box-plot is a graphical display of a five-number summary.

In a box-plot, the ‘box’ (a rectangle) represents the interquartile range (IQR) with ‘whiskers’ reaching out from each end of the box towards maximum and minimum values in the dataset. A line in the box is used to indicate the location of the median. Also known as a box-and-whisker plot.

- break-even point
The break-even point is the point at which income equals the cost of production for a business.

- budget
A budget compares estimates of income and expenditure for a certain period of time.

- calorie
Calories are units of energy found in food and drink.

- categorical data
Data associated with a categorical variable is called categorical data. Also known as qualitative data.

- categorical variable
A categorical variable is a variable whose values are categories.

Examples include major blood type (A, B, AB or O) or principal construction type (brick, concrete, timber, steel, other).

Categories may have numerical labels, for example, the numbers worn by players in a sporting team, but these labels have no numerical significance, they merely serve as labels.

- Clark’s formula
The formula for medication dosages for children over 2 years:

\[Dosage=\frac{weight\,in\,kg \times adult\,dosage}{70}\]- commission
Commission is a payment for sales made and is calculated using a percentage of the value of goods sold.

- compass bearing
Compass bearings are specified as angles either side of north or south. For example, a compass bearing of \(\text N50^\circ\text E\) is found by facing north and moving through an angle of \(50^\circ\) to the East.

- complement
The complement of an event refers to when the event does not occur. For example, if \(A\) is the event of throwing a 5 on a die, then the complement of \(A\), denoted by \(\bar A\) or \(A^c\), is not throwing a 5 on a die.

- compound interest (and formula)
The interest earned by investing a sum of money (the principal) is called compound interest when each successive interest payment is added to the principal (or current balance) before calculating the next interest payment.

If the principal \(\$P\) earns compound interest at the rate of \(r\) per period as a decimal, then after \(n\) periods the principal plus interest (\(\$A\)) is given by the compound interest formula \(A=P(1+r)^n\)

- constant of variation
Also known as the constant of proportionality. See direct or inverse variation.

- continuous data
Continuous data is data associated with continuous variables and is a type of numerical data.

- continuous variable
A continuous variable is a numerical variable that can take any value that lies along a continuum. In practice, the observed values are subject to the accuracy of the measurement instrument used to obtain these values.

Examples include height, reaction time to a stimulus and systolic blood pressure.

- conversion graph
A conversion graph is a straight-line graph used to convert between two variables, for example two currencies.

- Coordinated Universal Time (UTC)
Coordinated Universal Time (or UTC) is the standard by which the world regulates regional time and is the time on the Earth’s prime meridian. It was formerly widely known as Greenwich Mean Time (GMT).

- cosine rule
The cosine rule for any triangle \(ABC\) is given by

\[c^2 = a^2 + b^2 - 2ab\cos C.\]

- critical path
The critical path is the sequence of network activities which combine to have the longest overall duration so as to determine the shortest possible time needed to complete a project.

- cumulative frequency
The cumulative frequency is the accumulating total of frequencies within an ordered dataset.

- cumulative frequency graph
A cumulative frequency graph or “ogive” is a curve or series of straight lines representing the cumulative frequency for a given dataset.

- deciles
Deciles divide an ordered dataset into ten equal parts. See also quantiles.

- declining-balance method
The declining-balance method of depreciation measures the value of an asset that decreases by the same percentage during each time period.

It is calculated using the formula \(S=V_0(1-r)^n\), where \(S\) is the salvage value of the asset after \(n\) periods, \(V_0\) is the initial value of the asset, \(r\) is the depreciation rate per period, expressed as a decimal, and \(n\) is the number of periods.

- dependent variable
A dependent variable within a statistical model is one whose value depends upon that of another and is represented on the vertical axis of a scatterplot. The dependent variable is also known as the outcome variable or the output of a function.

- depreciation
Depreciation is a decrease in the value of an asset over time.

- diastolic pressure
Diastolic pressure is the blood pressure in the arteries when the heart muscle is relaxed between beats.

- direct variation
Two variables are in direct variation if one is a constant multiple of the other. This can be represented by the equation \(y=kx\), where \(k\) is the constant of variation (or proportion). Also known as direct proportion, it produces a linear graph through the origin.

- directed networks
A directed network is when the edges of a network have arrows and travel is only possible in the direction of the arrows.

- discrete data
Discrete data is data associated with discrete variables and is a type of numerical data.

- discrete variable
A discrete variable is a numerical variable whose values can be listed.

Examples include the number of children in a family, shoe size or the number of days in a month.

- dividend
A dividend of a share is a sum of money paid by a company to its shareholders out of its profits.

- dividend yield
A dividend yield is the dividend expressed as a percentage of the current share price.

- earliest starting time (EST)
The earliest starting time (EST) is the earliest time that any activity can be started after all prior activities have been completed.

- edge (in networks)
In a network diagram, an edge refers to a line which joins vertices to each other. Also called an arc.

- elevation views
Elevation views are scale drawings showing what a building looks like from the front, back and sides.

- energy
Energy is the capacity or power to do work. The SI unit of energy is the

*joule*though energy consumption can be measured in kilowatt hours.- error
The error of a measurement is the deviation of the recorded/observed measurement from the actual quantity, due to device limitations, human error, etc.

- event
An event is a set of outcomes for a random experiment.

- expectation / expected frequency
In simple probability, the expectation of a particular event refers to the number of times that event will occur, on average, when the same experiment is repeated a number of times.

For example, if the experiment is repeated \(n\) times, and on each of those times the probability that the event occurs is \(p\), then the expected frequency of the event is \(np\). With ten tosses of a coin \((n=10)\), each toss sees the probability of a tail appearing as half \(\left(p=\frac{1}{2}\right)\), so on average we may see 5 \((np)\) tails appear in ten tosses, but we may actually see 6, or 8, or 4, or… any number from 0 to 10 inclusive.

- exponential function
An exponential function is a function in which the independent variable occurs as an exponent (or power/index) with a positive base. For example, \(y=2^x\) is an exponential function where \(x\) is the independent variable.

- exponential model
Creating an exponential model involves fitting an exponential graph and/or function to a practical situation or set of data.

- extrapolation
Extrapolation occurs when the fitted model is used to make predictions using values that are outside the range of the original data upon which the fitted model was based. Extrapolation far beyond the range of the original data is a dangerous process as it can sometimes lead to quite erroneous predictions.

- five-number summary
A five-number summary is a method for summarising a dataset using five statistics: the minimum value, the first quartile, the median, the third quartile and the maximum value.

- float time
Float time is the amount of time that a task in a project network can be delayed without causing a delay to subsequent tasks.

- flow capacity
The flow capacity of a network can be found using the maximum-flow minimum-cut theorem and depends upon the capacity of each edge in the network.

- Fried’s formula
The formula for medication dosages for children aged 1–2 years:

\[Dosage\,for\,children\,1-2\,years=\frac{age\,(in\,months)\times adult\,dosage}{150}\]- fuel consumption rate
The fuel consumption rate of a vehicle measures how much fuel it uses and is usually measured in litres per 100 kilometres (L/100 km).

- future value
The future value of an investment or annuity is the total value of the investment at the end of the term of the investment, including all contributions and interest earned.

- future value interest factors
Future value interest factors are the values of an investment at a specific date. A table of these factors can be used to calculate the future value of different amounts of money that are invested at a certain interest rate for a specified period of time.

- gradient
The gradient \(m\) of a line is the steepness or slope of the line and can be measured using any two points on the line/interval.

Formally, if \(A(x_1,y_1)\) and \(B(x_2,y_2)\) are points in the Cartesian plane, where \(x_2-x_1\ne0\), the gradient of the line segment (interval) \(AB\) is given by \(m=\frac{y_2-y_1}{x_2-x_1}=\frac{vertical\,change}{horizontal\,change}\).

- gross pay
Gross pay is the total income per pay period (weekly, fortnightly, monthly as appropriate).

- GST
GST is an abbreviation for the Goods and Services Tax which, in Australia, is a flat percentage of tax levied on most goods and services.

- heart rate
Heart rate is the speed of a heartbeat in beats per minute (bpm) and measures the number of contractions of the heart per minute.

- Heron’s formula
Heron’s formula determines the area of a triangle given the lengths of its sides as \(a, b, c\). The formula is given by

\[{Area}=\sqrt{s(s-a)(s-b)(s-c)},\text{ where }s=\frac{a+b+c}{2}\]

- income
Income is money earned from completed work or through investments.

- income tax
Income tax is a government tax levied on taxable income.

- independent variable
An independent variable within a statistical model is one whose outcomes are not due to those of another variable and is represented on the horizontal axis of a scatterplot. The independent variable is also referred to as the input of a function.

- inflation
Inflation is the rate at which the general level of prices for goods and services is increasing.

- interest
Interest is the amount of money earned from an investment or the additional amount paid as the result of a loan.

- International Date Line (IDL)
The International Date Line (or IDL) is an imaginary line of navigation on the surface of the Earth that runs from the North Pole to the South Pole. It is the boundary prescribing the change of one calendar day to the next.

- interpolation
Interpolation occurs when a fitted model is used to make predictions using values that lie within the range of the original data.

- interquartile range (IQR)
The interquartile range \(\left(IQR\right)\) is a measure of the spread within a numerical dataset. It is equal to the upper quartile \(\left(Q_3\right)\) minus the lower quartile \(\left(Q_1\right)\); that is, \(IQR=Q_3-Q_1\).

- inverse variation
Two variables are in inverse variation (or inverse proportion) if one is a constant multiple of the reciprocal of the other. Hence, as one variable increases, the other variable decreases.

For example, if \(y\) is inversely proportional to \(x\), they are connected by the equation \(y=\frac{k}{x}\), where \(k\) is a constant of variation (or proportion).

- Königsberg Bridge problem
The Königsberg Bridge problem asked whether the seven bridges of the old city of Königsberg could all be crossed only once during a single trip that starts and finishes at the same place.

- Kruskal's algorithm
Kruskal's algorithm finds a minimum-spanning tree for a connected weighted network graph.

- latest starting time (LST)
The latest starting time (LST) is the latest time an activity may be started after all prior activities have been completed and without delaying the project.

- latitude
Latitude is the angular distance of a point on the Earth’s surface north or south of the Earth's equator. It is usually expressed in degrees and minutes.

- least-squares regression line
Least-squares regression is a method for finding a straight line that summarises the relationship between two variables, within the range of the dataset.

The least-squares regression line is the line that minimises the sum of the squares of the residuals. Also known as the least-squares line of best fit.

- limits of accuracy
The limits of accuracy for a recorded measurement are the possible upper and lower bounds for the actual measurement as given by

\[Upper\,bound=Measurement+Absolute\,error\] \[Lower\,bound=Measurement-Absolute\,error\]- line of best fit
A line of best fit is a line drawn through a scatterplot of data points that represents the nature of the relationship between two variables.

- linear function / linear relationship
Two variables \(x\) and \(y\) are in a linear relationship, or form a linear function, if they are connected by an equation of the form \(y=mx+c\). Graphically, \(m\) is the gradient and \(c\) is the intercept with the vertical axis of the corresponding linear graph.

- linear model
Creating a linear model involves fitting a linear graph and/or function to a practical situation or set of data.

- longitude
Longitude is the angular distance of a point on the Earth’s surface, east or west from the Earth’s prime meridian. It is usually expressed in degrees and minutes.

- map scale
A map scale gives the relationship (or ratio) between a distance on a map and the corresponding distance on the ground.

For example, for a map with scale 1:100 000, 1cm on the map represents 1km on the ground.

- mass
Mass is the amount of matter that an object is composed of. The SI unit of mass is the

*kilogram*.- maximum-flow minimum-cut theorem
The maximum-flow minimum-cut theorem states that the flow through a network cannot exceed the value of any cut in the network and that the maximum flow equals the value of the minimum cut, ie it identifies the ‘bottle-neck’ in the system.

- mean (average)
There are a number of different types of means used in mathematics and statistics. When dealing with a group of numbers, their mean (or arithmetic mean) is defined as the sum of these values divided by the number of values. Also known as their average.

- measures of central tendency
Given a dataset, the measures of central tendency give a measure about which the data lie, or a measure of the centre of the data. Also known as measures of location. The three most common measures of central tendency are the mean, the median, and the mode.

- measures of spread
Given a numerical dataset, its measures of spread describe how spread out the data is. Common measures of spread include the range, quantiles (such as deciles, quartiles, percentiles), the interquartile range and the standard deviation.

- median
The median of an ordered numerical dataset is the value that divides it into two equal parts. When the number of data values is odd, the median is the middle data value. When the number of data values is even, the median is the average of the two middle data values.

The median as a measure of central tendency is suitable for both symmetric and skewed distributions as it is relatively unaffected by outliers.

- minimum spanning tree
A minimum spanning tree is a spanning tree of minimum length in a connected, undirected network. It connects all the vertices together with the minimum total weighting for the edges.

- modality
Modality describes the number of modes in a set of data.

For example, data can be unimodal (having one mode), bimodal (having two modes) or multimodal (having many modes).

- mode
The mode is the most frequently occurring value in a set of data. There can be more than one mode in a dataset.

- net pay
Net pay is the remaining amount of gross pay after tax and other deductions have been made.

- network
A network is a group or system of interconnecting objects which can be represented as a diagram of connected lines (called edges) and points (called vertices). For example, a rail network.

- network diagram
A network diagram is a representation of a group of objects called vertices that are connected together by lines called edges. Also known as a network graph.

- vertex (in networks)
A vertex is a point in a network diagram at which lines of pathways (called edges) intersect or branch. Also called a node.

- nominal data
Nominal data is a type of categorical data that has no natural order in which the categories may be placed.

- non-linear
Non-linear refers to functions or graphs which cannot be represented by a straight line or a linear function.

- normal distribution
The normal distribution is a type of continuous distribution where the mean, median and mode are equal and the scores are symmetrically arranged either side of the mean. The graph of a normal distribution is often called a ‘bell curve’ due to its shape, as shown below.

Formally, the normal distribution is defined by the probability density function:

\(\displaystyle{f(x)=\frac{1}{\sqrt{2\pi\sigma^2}}e^{-\frac{(x-\mu)^2}{2\sigma^2}}}\), where \(\mu\) is the mean of the distribution and \(\sigma\) is the standard deviation

- numerical data
Numerical data is data associated with a numerical variable.

Also known as quantitative data.

- numerical variable
Numerical variables are variables whose values are numbers. Numerical variables can be either discrete or continuous.

- ordinal data
Ordinal data is a type of categorical data where the possible categorical responses have a natural order. For example, very unhappy, unhappy, neutral, happy, very happy.

- origin
The origin is the point of intersection of the horizontal and vertical axes on the Cartesian number plane and has coordinates \((0, 0)\).

- outcome
An outcome is a single possible result from an experiment.

- outlier
An outlier in a dataset is a data value that appears to be inconsistent with the remainder of that dataset.

- overtime
Overtime is work performed outside the usual agreed hours. Overtime is usually paid at a higher rate.

- parabola
A parabola is an alternate name for the graph of a quadratic function. The vertex of a parabola is its highest or lowest point (or turning point). The parabola has an axis of symmetry through its vertex.

- Pareto chart
A Pareto chart is a type of chart that contains both bars and a line graph, where individual values are represented in descending order by the bars and the cumulative total is represented by the line graph.

- path
A path in a network diagram is a walk in which all of the edges and all the vertices are different. A path that starts and finishes at different vertices is said to be open, while a path that starts and finishes at the same vertex is said to be closed. There may be multiple paths between the same two vertices.

- Pay As You Go (PAYG) tax
Pay As You Go (PAYG) tax is a system for making regular tax instalments which are removed from gross pay towards the expected income tax liability for that financial year.

- Pearson’s correlation coefficient
Pearson’s correlation coefficient is a linear correlation coefficient that measures the strength of the linear relationship between a pair of variables or datasets. Its value lies between -1 and 1 (inclusive). Also known as simply the correlation coefficient. For a sample, it is denoted by \(r\).

- percentage error
The percentage error of a measurement is the absolute error expressed as a percentage of the recorded measurement: \(percentage\,error=\frac{Absolute\,error}{Measurement}\times100\%\)

- percentiles
Percentiles divide an ordered dataset into 100 equal parts. See also quantiles.

More formally, it is a statistical measure indicating the value below which a given percentage of observations in a group of observations lie. For example, the 20th percentile is the value below which 20% of the observations may be found.

- piecework
Piecework is employment where a worker is paid a fixed rate for each item produced or action performed regardless of the time taken.

- population
The population in statistics is the entire dataset from which a statistical sample may be drawn.

- position coordinates
Position coordinates are an ordered pair of latitude and longitude representing a specific location on the Earth’s surface.

- present value
The present value of an investment or annuity is the single sum of money (or principal) that could be initially invested to produce a future value over a given period of time.

- Prim’s algorithm
Prim's algorithm determines a minimum spanning tree for a connected weighted network.

- pronumeral
A pronumeral is a letter or symbol that is used to represent a number.

- quadratic function
A quadratic function is a function of the form \(y=ax^2+bx+c\) where \(a\ne0\). For example, \(y=3x^2+7\)

- quadratic model
Creating a quadratic model involves fitting a quadratic graph and/or function to a set of data or creating a model to describe a practical situation.

- quantiles
Quantiles are a set of values that divide an ordered dataset into equal groups. Examples include quartiles, deciles and percentiles.

Formally in statistics, quantiles are cutpoints dividing the range of a probability distribution into continuous intervals with equal probabilities, or dividing the observations in a sample in the same way.

- quartiles
Quartiles divide an ordered dataset into four equal parts.

There are three quartiles. The first or lower quartile (\(Q_1\)), divides off (approximately) the lowest 25% of data values. The second quartile (\(Q_2\)) is the median. The third or upper quartile (\(Q_3\)), divides off (approximately) the highest 25% of data values. See also quantiles.

- radial survey
A radial survey can be used to measure the area of an irregular block of land. In a radial survey, a central point is chosen within the block of land and measurements are taken along intervals from this point to each vertex. The angles between these intervals at the central point are also measured and recorded.

- random variable
A random variable is a variable whose possible values are numerical outcomes of a statistical experiment or a random phenomenon.

- range (of data)
The range is the difference between the largest and smallest observations in a dataset. It is sensitive to outliers.

- rate
A rate is a particular kind of ratio in which the two quantities are measured in different units. For example, the ratio of distance to time, known as speed, is a rate because distance and time are measured in different units (such as kilometres and hours). The value of the rate depends on the units in which the quantities are expressed.

- ratio
A ratio is a quotient or proportion of two numbers, magnitudes or algebraic expressions. It is often used as a measure of the relative size of two objects. For example, the ratio of the length of a side of a square to the length of a diagonal is \(1:\sqrt2 \,\); that is, \(\frac{1}{\sqrt2}\).

- reciprocal function
A function where the independent variable, \(x\), is the denominator in a fraction. Examples of reciprocal functions include those of the form \(y=\frac{k}{x}\). See also inverse variation.

- reciprocal model
Creating a reciprocal model involves fitting a reciprocal graph and/or a function to a practical situation or set of data.

- rectangular hyperbola
The graph of a reciprocal function is a type of rectangular hyperbola.

A rectangular hyperbola is a hyperbola for which the asymptotes are perpendicular.

- recurrence relation
A recurrence relation occurs when each successive application uses the resultant value of the previous application to generate the next value. Examples include compound interest and annuities.

- reducing balance loan
A reducing balance loan is a compound interest loan where the loan is repaid by making regular payments and the interest paid is calculated on the amount still owing (the reducing balance of the loan) after each payment is made.

- relative frequency
Relative frequency is a measure of the number of times that an event has occurred in a repeated experiment. If an event \(E\) occurs \(r\) times when a chance experiment has been repeated \(n\) times, then the relative frequency of \(E\) is \(\frac{r}{n}\).

- residuals
The residual of an observed value is the difference between the observed value and the estimated value of the quantity of interest.

- salary
A salary is a fixed form of periodic payment from an employer to an employee, which is usually specified in an employment contract.

- sample space
The sample space of an experiment is the set of all possible outcomes for that experiment.

- sampling
Sampling is the selection of a subset of data from a statistical population. Methods of sampling include:

(a) systematic sampling – sample data is selected from a random starting point and using a fixed periodic interval.

(b) self-selecting sampling – non-probability sampling where individuals volunteer themselves to be part of a sample.

(c) simple random sampling – sample data is chosen at random where each member has an equal probability of being chosen.

(d) stratified sampling – after dividing the population into separate groups or strata, a random sample is then taken from each group/strata in an equivalent proportion to the size of that group/strata in the population.

A sample can be used to estimate the characteristics of the statistical population.

- scale drawing
A drawing that shows a real object with accurate measurements that have been either reduced or enlarged by the same factor (the scale).

- scale factor
A scale factor is a number that scales, or multiplies, some quantity.

If two or more figures are similar, their sizes can be compared. The scale factor is the ratio of the length of one side on one figure to the length of the corresponding side on the other figure. It is a measure of magnification, the change of size.

- scatterplot
A scatterplot is a two dimensional data plot using Cartesian coordinates to display the values of two variables in a bivariate dataset. Also known as a scatter graph.

- share
A share is one of the equal parts into which a company's capital is divided, entitling the shareholder to a portion of the company’s profits.

- shortest path
The shortest path in a network diagram is the path between two vertices in a network where the sum of the weights of its edges are minimized.

- significant figures
A digit in a number is considered to be a significant figure if it is:

- Non-zero
- A zero between two non-zero digits
- A zero on the end of a decimal due to precision of the measurement
- Zeros in whole numbers that indicate the degree of accuracy

- similarity
Two figures are similar if the enlargement of one figure is congruent to the other. Similar figures have corresponding lengths in the same proportion, are the same shape and have equal corresponding angles.

- simple interest (and formula)
Simple interest is the interest accumulated when the interest payment in each period is a fixed fraction of the principal (the initial lump sum or investment of money).

The simple interest formula is given by \(I=Prn\) where \(I\) is the interest earned, \(P\) is the principal value invested, \(r\) is the rate of interest and \(n\) is the number of time periods over which the interest is applied.

- sine rule
The Sine Rule for any triangle \(ABC\) is given by

\[\frac{a}{\sin A}=\frac{b}{\sin B}=\frac{c}{\sin C}.\]

- sketch
A sketch is an approximate representation of a graph, including labelled axes, intercepts and any other important relevant features. Compared to the corresponding graph, a sketch should be recognisably similar but does not need to be exact.

- spanning tree
A spanning tree of an undirected network diagram is a diagram which includes all the vertices of the original network connected together, but not necessarily all the edges of the original network diagram. A network can have many different spanning trees.

- standard deviation
Generally, standard deviation is a measure of the spread of a dataset, giving an indication of how far, on average, individual data values are spread around their mean.

The calculation of a standard deviation depends on whether the data is dealing with a sample or population as well as discrete or continuous variables.

- standard drink
A drink that contains 10 grams of alcohol.

- standard form
A real number is expressed in standard form when it is written in the form \(a\times10^n\) where \(1\le a<10\) and \(n\) is an integer. Also known as scientific notation.

- straight-line method
In straight-line method of depreciation, the value of the depreciating asset decreases by the same amount during each time period.

It is calculated using the linear function \(S=V_0-Dn\), where \(S\) is the salvage value of the asset after \(n\) periods, \(V_0\) is the initial value of the asset, \(D\) is the amount of depreciation per period, and \(n\) is the number of periods. Also known as the ‘Prime Cost method’.

- summary statistics
Summary statistics refers to numbers that summarise a given dataset. For example, a five-number summary.

- systolic pressure
Systolic pressure is the blood pressure in the arteries during contraction of the heart muscle.

- Target Heart Rate
The Target Heart Rate is defined as the minimum number of heartbeats in a given amount of time in order to reach the level of exertion necessary for cardiovascular fitness and is specific to a person's age, gender or physical fitness. An example of a target heart rate is 150 bpm to burn fat for a woman in her 30s.

- tax return
A tax return is an annual statement of all income, allowable deductions, PAYG tax paid and other personal financial information so as to allow the Australian Taxation Office to calculate the amount of income tax an individual should pay for the financial year.

- taxable income
Taxable income is the amount of yearly income that is used to calculate an individual’s or company’s payable income tax.

- Trapezoidal rule
The Trapezoidal rule uses trapezia to approximate the area of an irregular shape, often with a curved boundary. Given a transverse line of length \(h\) and two perpendicular offset lengths \(d_f\) and \(d_l\), one application of the Trapezoidal rule is given by: \({Area}≈\frac{h}{2}(d_f+d_l)\)

- tree diagram (probability)
A tree diagram is a diagram that can be used to determine the outcomes of a multistep random experiment. A probability tree diagram has the probability for each stage written on the branches.

- tree (networks)
A tree is an undirected network in which any two vertices are connected by exactly one path.

- true bearing
True bearings are measured in degrees clockwise from true north and are written with three digits being used to specify the direction.

For example, the direction of north is specified \(000^\circ\), east is specified as \(090^\circ\), south is specified as \(180^\circ\) and north-west is specified as \(315^\circ\).

- vertex (in networks)
A vertex is a point in a network diagram at which lines of pathways (called edges) intersect or branch. Also called a node.

- wage
A wage is the money paid to an employee by an employer in exchange for a number of hours of work done.

- weighted edge
A weighted edge is the edge of a network diagram that has a number assigned to it which implies some numerical value such as cost, distance or time.

- Young’s formula
This is a formula for medication dosages for children aged 1-12 years:

\[Dosage\,for\,children\,1-12\,years=\dfrac{age\,of\,child\,(in\,years)\times adult\,dosage}{age\,of\,child\,(in\,years)+12}\]

- \(\boldsymbol z\)-score
A \(z\)-score is a statistical measure of how many standard deviations a raw score is above or below the mean. A \(z\)-score can be positive or negative, indicating whether it is above or below the mean, or zero. Also known as a standardised score.