Is family income discrete or continuous?

Income is a continuous variable. Household size and number of computers are discrete variables.

Is money a discrete or continuous?

Because money comes, in clear steps of one cent, it's a discrete variable, as well. In theory, the restaurant could make any amount of money.

Is Family Size continuous data?

Typically it involves integers. For instance, the number of children (or adults, or pets) in your family is discrete data, because you are counting whole, indivisible entities: you can't have 2.5 kids, or 1.3 pets. Continuous data, on the other hand, could be divided and reduced to finer and finer levels.

Would income be a continuous variable?

In many cross-sectional data sets, income, an inherently continuous variable, is measured in a discrete number of categories or intervals; that is, it is measured in grouped form (e.g. between $15,000 and $30,000).

Is family income qualitative or quantitative?

Quantitative data is data you can put numbers on—household income, ZIP Code, number of children. We often call these demographics. Qualitative data is data you cannot put numbers on, such as personal preferences and behavior. We often call these psychographics.

Continuous vs Discrete Data

What type of data is income?

Ratio data has a defined zero point.

Income, height, weight, annual sales, market share, product defect rates, time to repurchase, unemployment rate, and crime rate are examples of ratio data.

Is number of siblings discrete or continuous?

The number of siblings and student height represent numerical variables. Because the number of siblings is a count, it is discrete. Height varies continuously, so it is a continuous numerical variable.

What type of variable is income statistics?

Nominal variable: another name for categorical variable. Ordinal variable: similar to a categorical variable, but there is a clear order. For example, income levels of low, middle, and high could be considered ordinal.

What is a discrete data?

Discrete data is information that can only take certain values. These values don't have to be whole numbers (a child might have a shoe size of 3.5 or a company may make a profit of £3456.25 for example) but they are fixed values – a child cannot have a shoe size of 3.72!

Is age discrete or continuous?

Is Age Discrete or Continuous? Technically speaking, age is a continuous variable because it can take on any value with any number of decimal places.

How do you know if its 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.

Is income quantitative or categorical?

For example: weight, temperature, height, GPA, annual income, etc. are classified under numerical or quantitative data. In comparison, categorical data are qualitative data types. Some examples include: name, hair colour, qualification etc.

Is profit a discrete or continuous variable?

Continuous variables behave in a similar way in that they can take on any value. These are usually variables such as Unit Price, Profit, or Order Quantity.

Is number of friends discrete or continuous?

A discrete measurement is one that takes one of a set of particular values. These could be qualitative values (for example, different breeds of dogs) or numerical values (for example, how many friends one has on Facebook).

What level of measurement is income?

For example, income is a variable that can be recorded on an ordinal or a ratio scale: At an ordinal level, you could create 5 income groupings and code the incomes that fall within them from 1–5. At a ratio level, you would record exact numbers for income.

Which of the following is not a continuous variable?

Height is not an example of a continuous variable.

Is annual income quantitative or qualitative?

For example, if data are collected on annual income (quantitative), occupation data (qualitative) could also be gathered to get more detail on the average annual income for each type of occupation. "How many children do you have?" "In which country were your children born?" "How much do you earn?"

What type of variable is the number of family members?

Discrete variables can only be specific values (typically integers). For example: number of siblings.

Is number or kids discrete or continuous?

A discrete measurement involves only integers. The discrete values cannot be subdivided into parts. For example, the number of children in a class is discrete data. You can't count 1.5 kids.

Is money an interval or ratio?

Money is measured on a ratio scale because, in addition to having the properties of an interval scale, it has a true zero point: if you have zero money, this implies the absence of money.

Is salary an interval variable?

Interval/ratio can be re-formatted to become ordinal or nominal, ordinal can become nominal. Example: salary data for is often recorded as interval data (i.e. just a number). operations such as finding the average salary.

Which of the following is an example of discrete variable?

The answer is the gender of each student in a psychology class is an example of a discrete variable.

Is money a quantitative variable?

Examples of Quantitative Variables / Numeric Variables:

Bank account balance (e.g. $100, $987, $-42. Number of stars in a galaxy (e.g. 100, 2301, 1 trillion) .