One of the variables most often included in surveys is income. Sometimes the question is phrased​ "What is your income​ (in thousands of​ dollars)?" In other​ surveys, the respondent is asked to​ "Select the circle corresponding to your income​ level" and is given a number of income ranges to choose from. Complete parts a and b below. a. In the first​ format, explain why income might be considered either discrete or continuous. Choose the correct answer below. A. Income in thousands of dollars can be considered discrete because the number of thousands of dollars of income have values that can be placed into​ categories, but also be considered continuous because the values can be ordered.
B. Income in thousands of dollars can be considered discrete because the values have a true zero​ point, but also be considered continuous because the values can be ordered.
C. Income in thousands of dollars can be considered discrete because the number of thousands of dollars of income can be​ counted, but also be considered continuous because there are many income amounts between each thousand that can be measured to different levels of precision.
D. Income in thousands of dollars can be considered discrete because the number of thousands of dollars of income have values that can be​ counted, but also be considered continuous because the values have a true zero point.

Answers

Answer 1
Answer:

Income in thousands of dollars can be discrete or continuous variable. Option D is correct.

Discrete Variable:

  • Variables that can take only a certain values in a range.
  • For example- Size of shoes, number of pages in book.

Continuous Variable:

  • A variable that can take any value in the a range.
  • For example: Temperature, time taken to complete the race.

The income is discrete value because it has certain value but it is also a continuous variable because annual income can vary and it has true zero point.

Therefore, income can be discrete or continuous variable.

To know more about variables,

brainly.com/question/19585043

Answer 2
Answer:

Answer:

D

Explanation:

income in thousands of dollars can be considered discrete because the number of thousands of dollars of income have values that can be​ counted, but also be considered continuous because the values have a true zero point.


Related Questions

What is the difference between economy and economics
A strategic alliance: Group of answer choices A) involves two or more companies joining forces to pursue vertical integration. B) is an agreement between two or more companies in which there is strategically relevant collaboration of some sort, joint contribution of resources, shared risk, shared control, and mutual dependence.C) is a partnership between two companies that is typically intended to eliminate the need to engage in outsourcing. D) is usually a cheaper and more effective way for companies to join forces than is merger.
Jared quit his job at the bank and no longer has a job. He _____ collect unemployment insurance. a. can b. cannot
What do you think is meant by the phrase "both alien and non-alien"?
A bookstore costs $125 a day to keep open, and spends $16 for each book it sells. the store charges $22 for each book it sells. if n represents the number of books sold, which equation represents the revenue function for this bookstore?

A parent company is a company that​ ________. A. has any level of investment in another company B. is controlled by another corporation C. is the first to begin operations in an industry D. owns a controlling interest in another company

Answers

correct answer for this would be (C. Is the fist to begin operations in an industry)

According to the PPC, as we produce more military goods and our resources remain constant, what will happen to the production of consumer goods?

Answers

Answer:

Production of consumer goods will be reduced

Explanation:

A Production possibility curve depicts all the possibilities of production of two goods in an economy wherein to produce an extra unit of one good, some part of production of second good needs to be sacrificed.

If an economy produces only two kinds of goods such as military goods and consumer goods, extra production of any of the two would require a corresponding sacrifice of the other. This points towards opportunity cost.

A typical production possibility curve is concave to the origin depicting opportunity cost.

If an economy decides to produce more of military goods with available resources remaining constant, it can only be achieved by sacrificing on the production of consumer goods.

Thus, production of consumer goods will reduce if more military goods are produced.

The marginal, or additional, gain from Kyoko's first hour of work, from 8:00 AM to 9:00 AM, is 80 problems.The marginal gain from Kyoko's third hour of work, from 10:00 AM to 11:00 AM, is 40 problems.
Later, the teaching assistant in Kyoko's chemistry course gives her some advice. "Based on past experience," the teaching assistant says, "working on 30 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during each hour they spend reading.
Given this information, in order to use her 4 hours of study time to get the best exam score possible, how many hours should she have spent working on problems, and how many should she have spent reading?
- 3 hours working on problems, 1 hour reading

Answers

Answer:

When Kyoko solves problems during 3 hours and reads for 1 hour, her learning utility is equivalent to 150 problems solved.

Explanation:

We are not given the information about what happens between 9:00 to 10:00 AM, so we can assume that their is no marginal gain from solving problems during that hour.

Kyoko will be able to solve 120 problems (= 80 + 40) during 8:00 to 11:00 AM. Apparently she will not be able to solve any other problems beyond 11:00 AM, so in order to maximize her learning utility she must find another activity that will help her raise her test scores.

She has 1 free hour and we know that reading for 1 hour is equal to solving 30 problems, so she could decide to do that (apparently is that or doing nothing).

When Kyoko solves problems during 3 hours and reads for 1 hour, her learning utility is equivalent to 150 problems solved.

What is CRM software designed to do ?

Answers

CRM software is designed to help business meet overall goals of customer relationship management. However this software is sometimes used to manage business contacts, clients, and contract wins and sales leads.

Answer :

B . ) Track And Manage Customer Relationships

The charge for borrowing money is called interest. true false

Answers

the answer to your question, is true
hope this helps :D

the answer to your question is TRUE! hope we were help.

God bless you!

-vf

The earned value system starts with the time-phased costs that provide the project baseline, which is called the ___________.a. Planned budgeted value of work scheduled. b. Scheduled value of work completed. c. Planned budgeted value of work completed. d. Earned value of work scheduled. e. Scheduled value of work scheduled.

Answers

Answer:

A. Planned budgeted value of work scheduled.

Explanation:

Earned Value system is a technique used in project management in estimating how well a project is doing in terms of the project budget and allocated schedule. It is used in estimating project efficiency in terms of the estimated deliverables. It helps in checking of the project is going according to "plan". Project efficiencies are measured against the baseline of a project which is the planned budgeted value of work with the aid of earned value system in order to quickly track any deviations in the project.