Annual or yearly income falls under the category of the continuous level of measurement. over here on EduRev! Variable refers to the quantity that changes its value, which can be measured. Few examples of discrete variables are listed below: - In a shopping center, if the number of cars parked in parking lot are recorded every hour, then that will be a discrete variable. Why is homelessness on the increase in the most wealthy western nations ? B. Income is discrete. are solved by group of students and teacher of CA Foundation, which is also the largest student The difference between discrete and continuous data can be drawn clearly on the following grounds: Discrete data is the type of data that has clear spaces between values. For the number of road accidents, it is discrete because we can only have an integer number of road accidents. A continuous variable can be numeric or date/time. - Logical operator is also a discrete variable. Why do republicans still believe Reaganomics that giving tax cuts, deregulation, and legal protections to businesses creator more jobs? Discrete variables are not flexible enough to take any kind of value. agree to the. Question bank for CA Foundation. Test: Statistical Description Of Data - 1, Relation Between Discrete Time and Continuous Signals, Business Mathematics and Logical Reasoning & Statistics, Mock Tests & Past Year Papers for CA Foundation, CA CPT - Mock Test Series and Previous Year Question Papers, CA CPT 2019: Important Dates [Official], Application, Eligibility, Syllabus, Exam Pattern, How to prepare for Economics for CA CPT? Generally speaking if you consider a continuos phenomena (for example income), it is better to include a continuos variable in the survey . Q53 When you buy something in the supermarket, the price is a discrete variable. Continuous variable Continuous variables are numeric variables that have an infinite number of values between any two values. Discrete data is countable while continuous data is measurable. Continuous Variable. Step by Step Guide for CA CPT. Therefore numeric variables are quantitative variables. Continuous data can be in parts, like a tree is 5 1/2 feet tall. Continuous data is data that falls in a continuous sequence. Some examples will clarify the difference between discrete and continuous variables. Those features can be things like height or weight, or they could be more psychological in nature, like intellig… Discrete variables usually include counting numbers and finite number of values. In statistics, numerical random variables represent counts and measurements. vertical axis. Meaning, nominal variables are not ordered according to any sort of preference, satisfaction or worth. ? EduRev is a knowledge-sharing community that depends on everyone being able to pitch in when they know something. Strictly speaking it's discrete, but it really depends on what you want to use it for. It is of two types, i.e. Discrete data contains distinct or separate values. Do other expenses increase when minimum wage goes up? Step by Step Guide for CA CPT, How to prepare for Mercantile Law for CA CPT? - Record of skin colors of a group of people is a discrete variable, as it can have one of the categories: black, brown and white. annual income, number of dependents, and social security number. soon. Percentage of people who are absent in a class; Sales revenue of a product for each quarter (measured in $) The answers to the above questions are: a) Discrete, b) Discrete, c) Continuous, d) Discrete, and e) Continuous. education on a person who has average income. why do i keep hearing that "Deflation" is bad..? The Questions and Still have questions? A variable is a value that subjects to vary. If a variable can take on any value between its minimum value and its maximum value, it is called a continuous variable; otherwise, it is called a discrete variable..