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Distinguish between a discrete and a continuous variable. - Economics

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Question

Distinguish between a discrete and a continuous variable.

Distinguish Between

Solution

Discrete Variable

Continuous Variable

A variable that takes only a whole number as its value is called a discrete variable. 

 A variable that can take any value, within a reasonable limit is called a continuous variable.
These variables increase in jumps or in complete numbers. These variables assume a range of values or increase in fractions and not in jumps.
For example - Number of people in a family, number of students in a class, etc.  For example - age, height, weight, etc.
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Types of Variables
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Chapter 3: Organisation of Data - Exercise [Page 38]

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NCERT Statistics for Economics [English]
Chapter 3 Organisation of Data
Exercise | Q 3. | Page 38
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