nuous data are measured. Data related to the biological gender of humans and other animals are discrete in character because they must be categorized as female or male. In contrast, data related to per capita gross domestic product (over time for a single economy or among economies for a specific period) are continuous in character because they may be of any value.
A discrete variable exists within the framework of a fixed range (i.e., there exists a finite number of categories within which discrete data may be counted. In contrast, the range of a continuous is a range of numbers within which continuous data may be measured.
a. Is the measurement of money continuous or discrete? Explain.
In the most usual sense, the measurement of money is a continuous variable. If one is measuring the annual income of households, such income may range (in theory) from nothing to potentially any monetary value. The measurement is continuous because the annual income of a specific household may fall at any point along the range of monetary values
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