Friday, November 30, 2007
Discrete and Continuous data
There are two types of data: Discrete and Continuous data. Both data types can be quantitative in nature, while only discrete data can be qualitative. This means that continuous data cannot be put into categories or groups. Also, continuous data can be presented as a fraction or decimal, while discrete data cannot. Discrete data has gaps in its values, while continuous data does not. Anything that can be counted is discrete data, and discrete data does not have an infinite number of possibilities. An example of discrete data that can be categorized would be shares of a company's stock. There is a finite amount and it can be categorized into preferred or common stock. There is no such thing as a half of a share of stock. Stock price would be continuous data, because it can have decimals, and is quantitative in nature.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment