Question

You just received a data set for Seattle home sales. One of the variables is sales...

You just received a data set for Seattle home sales. One of the variables is sales price.
a) Use two to three sentences to argue that the variable, home sale price, is a discrete quantitative variable.
b) Use two to three sentences to argue that the variable, home sale price, is a continuous quantitative variable.

Homework Answers

Answer #1

a) home sales price is quantitative because we require to provide numerical values to describe it. It is discrete because home sales price is usually mentioned in whole round figured numbers for eg. 100,000 $ , 200,000 $ etc.

b) home sale price is quantitative bcoz of same reason as in part a. it can be treated as continuous variable if one is interested in dealing the home purchase transactions in very precise manner as in working with cents . for eg. 100000.34 $ and such similar numbers.

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