Quick Answer: Is Money Discrete Or Continuous?

Is blood type continuous or discrete?

Blood type is not a discrete random variable because it is categorical.

Continuous random variables have numeric values that can be any number in an interval.

For example, the (exact) weight of a person is a continuous random variable.

Foot length is also a continuous random variable..

Is family size discrete or continuous?

when family size is measured as a continuous variable. Household size and number of computers are discrete variables. The range is an important descriptive statistic for a continuous variable, but it is based only on two values in the data set.

What are the examples of discrete random variable?

Every probability pi is a number between 0 and 1, and the sum of all the probabilities is equal to 1. Examples of discrete random variables include: The number of eggs that a hen lays in a given day (it can’t be 2.3)

Is number of students discrete or continuous?

The word discrete means countable. For example, the number of students in a class is countable, or discrete.

Is gender a continuous variable?

Gender can be a continuous variable, not just a categorical one: Comment on Hyde, Bigler, Joel, Tate, and van Anders (2019)

How do you know if something is discrete or continuous?

A discrete variable is a variable whose value is obtained by counting. A continuous variable is a variable whose value is obtained by measuring. A random variable is a variable whose value is a numerical outcome of a random phenomenon. A discrete random variable X has a countable number of possible values.

How do you know if a graph is continuous or discrete?

When figuring out if a graph is continuous or discrete we see if all the points are connected. If the line is connected between the start and the end, we say the graph is continuous. If the points are not connected it is discrete.

Can data be both discrete and continuous?

Discrete data is information that can only take certain values. Height, weight, temperature and length are all examples of continuous data. …

What is discrete continuous and qualitative data?

Qualitative Data are not numbers. They may include favorite foods; religions; ethnicities; etc.. Discrete Data are numbers that may take on specific, separated values. … Continuous Data are numbers that may take on all sorts of decimal or fractional values.

Is eye color a continuous trait?

And clearly hair color, skin color and eye color all fall under the definition of a continuous trait, because even though they dont seem to be affected by the environment, they are definitely polygenic traits and show a gradation, so they’re definitely continuous traits.

Is Money continuous or discrete variable?

A continuous distribution should have an infinite number of values between $0.00 and $0.01. Money does not have this property – there is always an indivisible unit of smallest currency. And as such, money is a discrete quantity.

Is annual salary discrete or continuous?

An annual income of a person is a discrete variable. Usually, because there are so many prices for it, it can be called constant, but people are paid (typically) in percentages up to two decimal places and annual income is generally reported in thousands or at most up to hundreds.

Is amount of time discrete or continuous?

Time is a continuous variable. You could turn age into a discrete variable and then you could count it. For example: A person’s age in years.

Is gender a discrete variable?

Discrete data: when the variable is restricted to specific defined values. For example, “male” or “female” are categorical discrete data values.

Why is money continuous?

However, money is continuous because it can have many and any value and be of any amount, considerably. For example, pay, whereas it can have an infinite value.

Is IQ discrete or continuous?

When you’re ready, check your answer below. IQ – discrete. IQ scores are always integers – 100, 110, 180, etc. ACT – discrete.

How do you know if your data is discrete or continuous?

Discrete data involves round, concrete numbers that are determined by counting. Continuous data involves complex numbers that are measured across a specific time interval.