Annual Income Discrete Or Continuous

Continuous actually it is discrete.

Annual income discrete or continuous. Height continuous can be converted into short average or tall ordinal. Can you explain this answer. Strictly speaking it s discrete but it really depends on what you want to use it for. Well we first notice that a single 10 dollar bill isn t at all divisible if the money is to keep its value.

Discrete data contains distinct or separate values. The median annual household income in oregon is 46 816. Dollars cents pounds pence euros. Discrete data is countable while continuous data is measurable.

Discrete data is the type of data that has clear spaces between values. In most countries that i can think of the currency has a major unit that is divided into 100 smaller units. For example salary can be turned into a nominal variable by defining high salary as an annual salary of more than 200 000 moderate salary as less than or equal to 200 000 and more than 75 000 and low salary as less than or equal to 75 000. Typically it can be considered continuous because there are so many values for it but people get paid usually in figures up to two decimal places and annual income is usually recorded in thousands or at most up to hundreds.

You me and your best friend need to split 10 in the form of a 10 dollar bill. In the state of oregon the average yearly income is 44 290. Edurev ca foundation question is disucussed on edurev study group by 1247 ca foundation students. Continuous data is data that falls in a continuous sequence.

Simple way to think about this. Is yearly income a continuous variable or a discrete variable. Sep 02 2020 annual income of a person isa an attributeb a discrete variablec a continuous variabled b or c correct answer is option b.