Economy, asked by majajajoo2721, 1 year ago

Annual income of a person is a discrete variable or continuous variable

Answers

Answered by renuagrawal393
24

Answer:

Strictly speaking it's discrete, but it really depends on what you want to use it for.

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. This means it cannot be continuous, but you can treat it like a continuous variable if it's more useful for your application because, again, there a so many values for it.

PS: Often in surveys and other data sets income will be broken up into categories. In this case it stops being a numerical variable and becomes a categorical variable

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Answered by gratefuljarette
4

An annual income of a person is a discrete variable.

Explanation:

  • 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.
  • This implies it cannot be constant, but if it is more convenient for your program, you can consider it as a continuous attribute, because there are so many meanings for it, again. The profits will often be broken up into groups of polls and other data sets.

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