Is Profit A Discrete Or Continuous Variable?

Is the benefit discrete or continuous?

Examples of discrete data are the number of each type of job a company does each month, the number of employees needed to complete a job each day, or the profit the company makes each month.

Is the gain continuous?

Continuous metrics are common because the metrics are usually numerical measurements like gross margin, shipping cost, or inventory. They are continuous values ​​because they do not fall into separate categories.

Is money a discrete random variable?

Money does not have this quality, there is always a smaller indivisible unit of money. Therefore, money is a discrete entity.

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 the numerical result of a random event. A discrete random variable X has a countable number of possible values.

Is age continuous or fair?

We could be infinitely precise and use infinite decimal places, making the century continuous. However, for everyday devices, all values ​​less than 6 years and greater than 5 years are reported as 5 years. Therefore, we usually use age as a discrete variable. 25

Is travel time discrete or continuous?

Time is a continuous variable. You can convert age to a discrete variable and then compute it. For example: the age of the person in years.

Is time discrete or continuous?

Time is a continuous variable. You can convert age to a discrete variable and then compute it. For example: the age of the person in years.

What is the difference between discrete variable and continuous variable?

Discrete and continuous variables are two types of scale variables: Discrete variables represent a quantity (for example, the number of objects in a collection). Continuous variables are measurable quantities (for example, volume or weight of water).

Are the hours of sleep discrete or continuous?

The amount of sleep varies. 3, 5, 9 hours of sleep are different values ​​for this variable. Variables can be continuous or discrete. Question: Are these variables discrete or continuous?

Frequency assignment table:

Score (X) Frequency (f)
( Hours ) (number of people with this score)
3 1
4 2
5 6

What are the Similarities Between Discrete and Continuous?

Comparison Chart

basis of comparison Discrete Variable Continuous Variable
Values The values ​​are obtained by counting. The values ​​are obtained by measurement.
Classification Non-overlapping Overlapping
Assumes Single or separate values. Any value between two values.
Represented by Isolated points Connected points