Wages is continuous variable or discrete variable?

Akanksha · 19 May 2024

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Anas · 19 May 2024

Wages are generally considered a continuous variable. This is because wages can take on a wide range of values, including fractions of currency units, making them theoretically able to assume any value within a certain range. In practice, wages might be recorded with a certain level of precision (e.g., to the nearest cent), but they still fall under the category of continuous variables due to their potential for infinite divisibility within their range.