A company's employee database includes each employee's compensation. a) is this variable discrete or continuous? b) what are the possible values it can take on?

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Business

Maxwell Guerrero

18 March, 22:05

A company's employee database includes each employee's compensation. a) is this variable discrete or continuous? b) what are the possible values it can take on?

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Camila · Answer 1

A company's employee database includes each employee's compensation.

Part a)

An employees compensation is a continuous variable because it can take fractional values.

Monetary values doest have to be an integer it also takes decimal values.

Part b)

The possible values it can take on are any value in the interval of compensations for the employee's level.