2025 Notes and Answers Paper I
2025 Notes and Answers Paper I
2023
GRADE 12
MATHEMATICAL
LITTERACY
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ASSESSMENT 2023
TERM 2
MID-YEAR EXAMINATION
PAPER 1
100 MARKS: 2 HOURS
Question 1: 20% (level 1)
Question 2: Finance
Question 3: Data Handling
Question 4 – 5:
Integration of Finance, Data Handling and Probability
TERM 3
PREPARATORY EXAMINATION
PAPER 1
150 MARKS: 3 HOURS
Question 1: 20% (Level 1)
Question 2: Finance
Question 3: Data Handling
Question 4 – 5:
Integration of Finance, Data Handling and Probability
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PAPER I
INDEX
A. FINANCE
1. PRE-REQUISITE KNOWLEDGE
2. TAXATION
• Personal income tax,
• Taxable & non-taxable income,
• Rebates
• UIF (maximum amount)
• VAT (15%)
3. TARIFF SYSTEMS
• (Compare 2 or more)
• Electricity tariffs
• Telephone tariffs
• Municipal tariffs
• Bank tariffs
• Transport tariffs
• Tables
• Graphs
• Formulae
7. BANKING
• Investments
• Insurance Plans
• (Interest, interest rate, charges, monthly payment)
• Inflation
• Buying power over time
• Prices of items over time
• (Interpret and analyze graphs
• Exchange rates
• Currency relationships, buying power.
B. DATA HANDLING
1. DEVELOPING QUESTIONS
• National and global issues
• Collecting data:
• Develop and use data collection instruments. (e.g., interview questions,
questionnaires, recording sheets, etc.)
• Classifying & Organising Data:
• Sort numerical and categorical data.
• Using categories and class intervals, tallies and frequency tables
2. SUMMARISING DATA
• Quartiles
• Inter-quartile range
• Calculate and analyze measures of central Tendency and spread.
• Percentiles
C. PROPABILITY
D. REVISION
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Taxation
Terms
VAT
Value Added Tax (VAT) is a consumption tax placed on a product when value is added at each
stage of the supply chain, from production to the point of sale. The amount of VAT paid by the
user is based on the cost of the product, minus any of the costs of materials used in the
product that have already been taxed.
INCOME TAX
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Income tax is an amount deducted by the government from your earnings. This money
is used to run the country. The amount of tax you pay depends on the amount you
earn.
There are different steps involved in calculating a person's income tax, so you need to
make sure you understand the key terminology and can perform the correct steps.
This is a tax on all sources of income (e.g. salary, interest income,rental income, etc.).
It is calculated on the taxable income.
DEFINITIONS
Gross Salary The total amount earned in a month. This includes all types of salary(e.g.
(Income) salary, overtime, bonuses, etc.)
Deductions These are amounts that need to be subtracted from the gross salary
before money is deposited into the employee's bank account. These
include items such as UIF, Pension, Medical Aid, Trade Union Fees, Loan
repayments, Tax, etc.
Net Salary Also known as 'take home pay'. This is the amount that is depositedinto
an employee's bank account. It is calculated as follows:
Net Salary = Gross Salary - Deductions
Non-taxable “Non-Taxable Income” is term that is most commonly used, but the
income more correct term is “Exempt Income”. This is income which you
receive which you are allowed to exclude from your Gross income and
in so doing you do not get taxed on it.
This is different from Net Salary although the calculation looks similar.
Taxable Income = Gross Income — Tax-deductible Deductions
Gross Income This is different from gross salary (above) because it includes all formsof
income, e.g. salary, rental income, textbook royalties, etc.
Income Tax This is a tax on all sources of income (e.g. salary, interest income,rental
income, etc.). It is calculated on the taxable income.
Pension fund Is pension a tax deductible?
One of the biggest advantages of pension saving is that you can pay into a
pension to reduce tax. All the money you pay into a pension qualifies for
tax relief, which provides an instant boost to your savings and helps the
fund to grow faster than other kinds of investment
How much of your pension is tax free in South Africa?
If you withdraw, the first R22 500 is not taxed. The balance up to R600 000
is taxed at 18%, the balance up to R900 000 at 27%, and the remainder at
36%.
Pension contributions are free of income tax, which means you are
refunded the income tax that you initially paid on this money.
UIF Unemployment insurance fund – employees have to contribute 1% oftheir
gross salary.
Donations What type of donations are tax deductible?
You may deduct charitable contributions of money or property made to
qualified organizations if you itemize your deductions.
Tax- These are specific deductions that are subtracted from the gross
deductible income before tax is calculated.
Deductions INDIVIDUAL Deductions
Pension fund contributions.
Retirement annuity fund contributions.
Provident fund contributions (only from 1 March 2016)
Legal costs – under certain qualifying circumstances.
Wear–and-tear – in respect of certain assets.
Donations – to approved bodies
Subsidy: financial assistance
Tax is calculated over a period of 12 months, from 1 March to 28 February of the following
year.
After the tax has been calculated, you may deduct the following:
• Tax rebate according to age
• Medical fund credits
Tax rebate:
Is an amount of money that is deducted after the annual tax is calculated. It is a credit or
subsidy that the state provides to reduce the total amount of tax that one has to pay.
Remember this is deducted at the end of the tax calculated. Age
determine whether it includes Primary, Secondary or Tertiary rebate.
A quick way to determine how much tax should be deducted from your salary
for taxes.
Calculate income tax:
Remember the deduction table is something completely different from the income tax table.
Here only salary and monthly tax according to age are on.
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Exercise 2 p 225
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Tax threshold: shows the minimum salary that a person must earn before tax is charged. If a
person earns a salary below the tax threshold, then they will not have to pay tax.
Ex. If a 25-year-old person earns a yearly salary of R63 556,00 then that person’s tax will be
calculated in the following way:
𝟏𝟖
× 𝑹𝟔𝟑 𝟓𝟓𝟔 This tells you that everything
𝟏𝟎𝟎 is already deducted and you
= R11 440,00
must go to the tax table with
Primary rebate: R11 440,00
this annual amount.
∴ 𝑹𝟏𝟏 𝟒𝟒𝟎, 𝟎𝟎 − 𝑹𝟏𝟏 𝟒𝟒𝟎, 𝟎 = 𝟎
The person pays no tax.
Example
25-year-old person with a monthly Taxable income of R25 000,00.
Calculate his monthly tax.
1. Change the monthly salary to an annual salary.
R25 000,00 x 12 = R300 000 per year
3. Bracket 3
Annual tax =
• Write down the formula: R51 300 + (30% x [salary – R250 000])
• Calculate the difference between your salary and the amount given in the table:
• R300 000 – R250 000 = R50 000
• Calculate the given percentage of that amount:
𝟑𝟎
• 𝟏𝟎𝟎 × 𝑹𝟓𝟎 𝟎𝟎𝟎 = 𝑹𝟏𝟓 𝟎𝟎𝟎, 𝟎𝟎
• Calculate the annual tax by adding the amount in the table and the calculated
amount together.
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Exercise 3 p229
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Extra exercise:
1.
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2.
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3.
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3.
It is that part of the salary on which tax is calculated. This is not calculated on your Gross
salary.
Remember
After calculating the tax payable you can deduct the following:
• Tax rebate according to age
• Medical aid credits
REMEMBER: This must be deducted after the calculation of tax up to the age of 64. For those
65 and older it is deducted from their gross salary.
What is UIF
Unemployment Insurance Fund
When your employer terminates your service, you can apply to the Unemployment
Insurance Fund (UIF) for benefits.
The benefits are only available to you if you have been contributing to the UIF while you
worked. You cannot claim if you have resigned, been suspended or absconded from work.
To qualify for benefits, you must register as a work seeker. You must apply for the UIF
benefits as soon as you become unemployed or within six months of the termination of your
employment.
Example 3 p 233
Mr Tsimso, aged 42 years, earns R21 000 a month. His monthly deductions are:
Remember these deductions are deducted from his salary it does not have anything to do
with his tax.
• R1 575 a month for pension
• R3 000 a month for medical aid for himself, his wife and 2 children
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Taxable income: Most important part of the sum without this you cannot
calculate the personal tax.
R230 580,00
It falls in this tax bracket.
The amount that this person must pay in tax is then calculated with the following formula:
You must calculate 25% of your salary that is
28 800 + 25% of the amount above 160 000
more (above) than R160 000,00
• R230 580,00 – R160 000
= R70 580,00
𝟐𝟓
• 𝟏𝟎𝟎 × 𝑹𝟕𝟎 𝟓𝟖𝟎, 𝟎𝟎
= R17 645,00
This is the tax that this person must pay to the
• R28 800 + R17 645,00
= R46 445,00 government.
Now you must deduct the rebate that must be given to this person according to his age:
1 st dependant: R230,00
2 nd dependant:R154,00
3 rd dependant: R154,00 = Total: R768,00 per month.
The tax table works with per year amounts: R768,00 x 12 = R9 216,00
You cannot pay all the money in one instalment we pay it per month:
R25 789,00 ÷ 𝟏𝟐
= R2 149,08 per month
Net Salary: Remember this is on your salary slip and does not have anything to do with your
Tax:
Gross salary = R21 000,00
Less monthly pension = − R1 575,00
Less UIF =− R210,00
Less Medical aid = − R3 000,00
Less monthly tax = − R2 149,08
Salary banked: = R14 065,92
Now you must deduct the rebate that must be given to this person according to his age:
You cannot pay all the money in one instalment you pay it per month:
R25 972,84÷ 𝟏𝟐
= R2 164,40 per month
Net Salary: Remember this is on your salary slip and does not have anything to do with your
Tax:
Gross salary = R21 000,00
Less monthly pension = − R1 575,00
Less UIF =− R210,00
Less Medical aid = − R3 000,00
Less monthly tax = − R2 164,40
Salary banked: = R14 050,60
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Tariff systems
A tariff is the amount at which a single unit is charged for a service e.g.
• Mobile phone – per minute or per second
• Electricity – per kilowatt-hour Water – per kilolitre
The following types of rates will be focused on:
• Water,
• Electricity,
• Mobile phone Data,
• Banking Fees
• Transportation Rates (Taxi)
REQUIRED TERMINOLOGY:
• Tariffs – it is a cost per measuring unit for a specific service, examples are;
Water tariff – R/kl, Electricity – R/kWh, Telephone/Cellphone – R/minute or
c/second.
• Sliding scale/Stepped tariff system – Water and electricity tariffs are usually
calculated in steps, the more you use/consume the more expensive the rate of
charge becomes. You pay a certain rate for a fixed amount and then the rate
increases again for a fixed amount.
• Prepaid tariff system – System where you pay as you use the service, usually a
constant rate of charge.
• Return trip – Refers to a trip where it is a “there and back” trip and not just a
one-way trip.
WATER:
Water usage is measured in kiloliters (1 000 liters). The rate of charge for water consumption is
charged on a sliding scale/stepped tariff system. Hence, the more you use the higher the rate
of charge becomes.
Example 1
The Modise family used 20 kiloliters of water during the month of June. Calculate the cost of
their water consumption.
20 kl used
You pay for each portion available on each step before you can move on to the next step.
Example 2
100 kl used
You pay for each portion available on each tier before you can move on to the next tier.
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ELECTRICITY:
Electricity tariffs works on the same principles as the water tariff system with a stepped tariff
system.
The ranges within the electricity tariffs are just bigger than the ranges in the water tariffs.
Electricity consumption is measured in kilowatt-hours (kWh) which is more commonly known
as “units”.
1kWh = 1 unit.
There is a lot of different tariffs structures available with electricity with regards
to “free” units and dependent on the value of your property etc. With some of
these structures a household will have to pay a fixed monthly service charge as
well as a tariff per kWh.
• The most popular method of paying for electricity is buying prepaid electricity,
like you would for airtime on your cell phone, when your units run out your
electricity goes off.
• There are still some areas where there is a meter in your house and you only pay
for the electricity used at the end of the month. With this option you will receive
an account for the electricity used like your water and sanitation account.
Electricity purchase blocks for 20 Amp Traiffs Tariff (cent / kWh)
2017 2018
Block 1 0 – 350 kWh 104,26 106,56
Block 2 More than 350 kWh (>350) 118.00 120,60
1.1 Calculate in Rand the electricity costs for the following monthly consumption:
1.2 140 kWh in 2018
1.3 380 kWh in 2017
1.4 Calculate the percentage increase in electricity charges for Block 2
tariffs from 2017 to 2018.
Residential consumption
All rates are exclusive of 15% VAT
Block 1 0–50kWh R0,9015 per kWh
Block 2 51–350kWh R1,0161 per kWh
Block 3 351–600kWh R1,3594 per kWh
Block 4 More than 600 kWh R1,6314 per kWh
Calculate the amount, including VAT, that must be paid for the consumption of 400 kWh.
6. The cost for electricity in one of the cities consists of a fixed rate of R55 per
month, plus a rate of R0.80 per kWh.
6.1 Calculate the monthly cost if a household used 243 kWh for a month.
6.2 Write down a formula to determine the monthly cost in the form:
Monthly cost (in rand) =…:
John needs data to do research. He finds that one of the providers offers data at the
following rates:
OPTION 1 OPTION 2
500 MB (megabytes) 1 GB (gigabyte, 1 000 MB = 1
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GB)
2.4 Use the graphs in 2.3 to determine which of the two options you would advise John to
take if he only wants to spend R350 on data. Motivate you antwoord.
BANK FEES:
The following TABLE shows the bank charges / charges for certain transactions from Bank
A and Bank B. Use it to answer the questions that follow:
1. Identify the place where you will pay the cheapest for withdrawals.
2. Calculate the fee that must be paid if R3 800 is withdrawn from Bank B's ATM.
3. Calculate the amount to be paid if R4 000 is withdrawn from another ATM and the bank
account is with Bank A.
4. If R9 500 is to be deposited, calculate the difference in fees between Bank A and Bank B
if this is done at a branch.
TRANSPORT RATES:
• The most common transport in South Africa is train, taxi / bus and coach.
• Other means of transport that are more business related or for holidays are air travel
(planes).
• Single fares (one-way only) and return fares (there-and-back)
• Fares are mostly based on distance travelled, the cost of fuel, wear and tear and the type
of transport.
Jackie is the driver of a rental car with a meter. The company he works for
charges the following fee for a one-way trip:
• A minimum call-out fee of R50 per trip with the first three kilometers free Then R12,00 for
each additional kilometer or part thereof.
John's- taxi industry charges a fixed rate of R14.50 per km.
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1. The distance for a single trip is 80 km. Francois makes the statement that John's taxi
business will be the cheapest. Verify, by showing all your calculations of his
statement is valid.
2. Write down an equation that Jackie can use to calculate the total cost (in rand) of a
one-way trip, in the form: Total cost (in rand) per one-way trip = ...
3. A customer pays Rafique R1 214 for a one-way trip. Determine the distance traveled
during this trip
4. Ms Majola hires a rental car from this company to take her to a meeting 5 km from her
home. The meeting is scheduled to last exactly ONE hour and she requests that the
rental car will be waiting for her to take her back home.
The company charges an extra R100 per hour if the rental car has to wait for a customer
and the trip will be calculated as a single trip.
Calculate the total rental car fee that mrs. Mkhize will pay for this trip.
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Deposit
𝟏𝟎
Deposit amount = 𝟏𝟎𝟎 × 𝑹𝟑𝟖𝟓 𝟎𝟎𝟎, 𝟎𝟎
= R38 500,00
The amount must be paid in cash by anybody who whants to by the house.
The deposit is paid to the bank.
Interest is always charged on loans. This means the total paid back for the
loan is always more than the original loan amount.
Loan length
It refers to how much time a person has to pay back the loan. For home
loans it is much longer than for car loans. Home loans can be up to 30 years.
Monthly repayments
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25 years x 12 =
300 months
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7. BANKING
Investments p115
Retirement investment (annuity)
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Inflation
What is inflation?
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𝑷𝒓𝒊𝒄𝒆 𝒊𝒏𝒄𝒓𝒆𝒂𝒔𝒆
Inflation rate = × 𝟏𝟎𝟎
𝑶𝒓𝒊𝒈𝒊𝒏𝒂𝒍 𝒑𝒓𝒊𝒄𝒆
(𝑹𝟐𝟔,𝟖𝟎 −𝑹𝟐𝟑,𝟗𝟗)
= 𝑹𝟐𝟑,𝟗𝟗
× 𝟏𝟎𝟎
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𝑹𝟐,𝟖𝟏
= × 𝟏𝟎𝟎
𝑹𝟐𝟑,𝟗𝟗
= 11,713….
= 11,71
= 11,7%
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Notes
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Exchange rates
Revision
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B. DATA HANDLING
Word bank
median The number that occurs in the middle of an ordered data set.
mode The number or item that occurs most often in the data set
The largest value minus the smallest value in your data set
equals the range of variation. A large variation width indicates
range
data that is widely distributed, versus a small variation width
that indicates data that is close together.
Revision p62
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• Collect data
• Organize the data
• Graph the data before
• Analyze the data
• Make inferences or predictions
We can get data in various places. Sometimes the data comes from nature, for
example when you want to know how many of each kind of flower there is in the
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garden, and sometimes you need to get the data from people, for example when
you want to know in which subject the learners in your school are the best
achieve. To collect this data you must first decide which population group your
data will come from.
The population is the entire group about which you want to collect data. 2 This
will be, for example, all your school's learners. A sample is a group of people
that represents the entire population, and it is usually used when the population
is very large. 2
For example, you may decide to only collect data from one class from each
grade; these learners are then your sample, and they will represent the whole
school.
Collect data
The first step of the data cycle is to collect data, aka data collection.
Now that we have collected data, we need to organize the data. It's important to
organize data before presenting it to make sure you don't miss any data. When
data is unorganized , it is too difficult to represent it without making a mistake. 1
Therefore, we use frequency tables (sometimes we call them score tables ) to
help us organize this data. 2
Frequency tables consist of three columns: In the first column you write down
what you have collected data about; in the second column you make score lines
; and in the third column you write down the frequency of your score streaks .
Frequency refers to the 'total' or 'how often something occurs'. Below is an
example of a frequency table.
Green III 3
Red IIII 5
Press II 2
Total 51
DEVELOPMENT OF QUESTIONS
Collect data
This information will help planners, inside and outside government, to plan what
resources people need.
Activity 1 p66
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Organising data
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Activity 2 p67
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Exercise 1 p68
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Graphs are used to display and compare different data sets, or components within a data
set, and to identify trends.
• Multiple bar graphs
• Histograms
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• For each category on the horizontal axis there are three bars showing the total
males and females
• Only percentages of learners are shown because it would be too difficult to
show actual numbers.
• Percentages provide a common unit of measurement, and this makes
comparison easier.
Activity 3 p70
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Histogram
South Africa’s population structure is skewed towards the young. 37% of the
population is below 18 years of age.
Activity 4 p71
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In a stack graph the bars that represent the different components of each category are
combined into one bar. This makes it visually easier to compare components.
Multiple stack graphs are also useful for comparisons when there are different
components within the categories in a data set.
In this figure we see that the largest percentage of children living with both biological
parents was in Western Cape, followed by Gauteng.
Activity 5 p73
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Pie chart
A pie chart consists of sectors. Each sector represents a category of the data (e.g. a
day of the week)
The relative size of each sector gives an indication of the relative size of that category.
Unlike multiple bar graphs and multiple stack graphs, a pie chart cannot display
components within the categories. For this, we need bar-of-pie or pie-of-pie chart
A bar-of-pie chart uses a bar graph to display a specific component or sector of a pie
chart.
A pie-of-pie chart uses a pie chart to display a specific sector of a pie chart.
/
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Activity 6 p75
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Line graph
Activity 7 p76
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Scatterplot graphs
Are used to show either the relationship between two different variables or categories in the
data or to show more clearly how the data values in a data set are clustered in relation to all
of the other values in the data.
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Activity 8 p77
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2. Summarising data
Measures of spread
• Range
• Quartiles
• Percentiles
Classification of data
• Data classification
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1.Qualitative
2. Quantitative
1. Qualitative data
In general:
• Involves descriptions
• Qualitative → Quality
Some examples of categories that would be qualitative are colours, textures, smells, tastes,
appearance, gender, religious preference, socio-economic status, etc.
It is better to use this kind of data for answering how and why questions and it does not
work well with what, when and who questions.
Qualitative data provides detailed information to explain complex issues, but it is difficult to
analyse. The information can be gathered using open-ended questionnaires, unstructured
interviews and unstructured observations.
Qualitative research is useful for studies at the individual level, and for finding out in depth
how people think or feel (e.g. case studies).
2. Quantitative data
• Quantitative → Quantity
Length, height, area, volume, weight, speed, time, temperature, moisture content, sound
levels, cost, members, ages, etc.
It is better to use this kind of data for answering what, when and who questions.
Quantitative data are usually collected using surveys, questionnaires, or existing databases.
• looks frothy
• strong taste
• purple cup
• 250 ml liquid
• costs R18
Quantitative data is further divided into 2 groups: discrete and continuous data.
1. Discrete data
Discrete data is data that is counted. This type of data has definite, specific values or
quantities and can only be integers.
Examples:
In none of these cases is it possible to have a fraction of a value, i.e., you cannot have half a
motorcycle or half a person.
2. Continuous data
Continuous data is measured data. This type of data is obtained by measurement and can assume
any values within a range, i.e., you can get fractions or decimals.
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Examples:
• A dog's weight
Example 9 p78
Since most learners are I KwaZulu-Natal, we can say that KwaZulu-Natal is the modal
province
The number of learners in the table is the median value for each province.
Activity 9 p79
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Summarising data using quartile and percentile values and interpreting box-
and-whisker diagrams
If the measures of tendency alone do not give us the full picture of a data set, we use
measures of spread to get the full picture
Range = highest value in a data set – lowest value in the same data set
Example 2
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Girls
1 40
2 40 Quartile 1 is the
middle of the first half
3 42 𝟒𝟔+𝟒𝟗 𝟗𝟓
Q1 = 𝟐 = 𝟐
= 𝟒𝟕, 𝟓
𝟒𝟎+𝟒𝟎+𝟒𝟐+𝟒𝟔+𝟒𝟗+𝟓𝟑+𝟓𝟖+𝟔𝟏+𝟔𝟒+𝟔𝟓+𝟔𝟖+𝟕𝟎+𝟕𝟐+𝟕𝟗+𝟖𝟑+𝟖𝟒
Mean = 𝟏𝟔
𝟗𝟕𝟒
= = 60,875 = 60,88 = 60,9 = 61
𝟏𝟔
Range = 84 – 40 = 44
Mode =40
Median = 62,5
Q1 = 47,5 Q2 = 62,5 Q3 = 71
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Boys
1 12
2 31 Quartile 1 is the
middle of the first half
3 39 𝟒𝟓+𝟒𝟗 𝟗𝟓
Q1 = 𝟐 = 𝟐
= 𝟒𝟕
𝟏𝟐+𝟑𝟏+𝟑𝟗+𝟒𝟓+𝟒𝟗+𝟓𝟒+𝟓𝟓+𝟓𝟓+𝟓𝟕+𝟔𝟕+𝟔𝟖+𝟕𝟑+𝟕𝟔+𝟕𝟗+𝟖𝟖+𝟗𝟏+𝟗𝟔
Mean = 𝟏𝟕
𝟏𝟎𝟑𝟓
= = 60,882 = 60,88 = 60,9 = 61
𝟏𝟕
Range = 96 – 12 = 84
Mode =55
Median = 57
Q1 = 47 Q2 = 57 Q3 = 77,5
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We can now see that using quartiles we can analyse and compare much more
accurately than when using only the range.
Inter-quartile range
Inter-quartile range (IQR) = Q3 – Q2
This tells us that the middle 50% of the boys marks are more spread out than middle
50% of the girls.
Exercise 2 p84
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Minimum = 40 Maximum = 84
Median = 62,5
Q1 = 47,5 Q2 = 62,5 Q3 = 71
Boys:
Minimum = 12 Maximum = 96
Median = 57
Q1 = 47 Q2 = 57 Q3 = 77,5
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• The longer the box-and-whisker plot the more spread out the values are.
The plot for the boys’ marks is much longer than the plot for the girls’ marks
and this tells us that the range of the boys marks is much larger than the girls.
• The length of the boys plot from min to Q1 is much longer than the girls.
The bottom 25% of the boys marks are much more spread out than the bottom
25% of the girls marks.
• The 3rd quartile for the boys is higher than for the girls. This tells us that the
middle 50% of the boys marks are more widely spread out than the girls.
• The girls scored similar or consistent marks in each sub-range but the boys
marks varied much more widely.
These differences are clearly identifiable by the different lengths of these sections of
the box-and-whiskers plot.
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Exercise 3 p86
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Exercise 4 p88
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Developing opposing arguments using the same summarised and / or represented data
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Activity 11 p92
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Extra exercise.
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