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Technically it is a discrete variable since you can earn 10.05 or 10.06 (or whatever the appropriate rate is in your environment) but not anything between those numbers.
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Can a whole number have variable?
Yes it can, but it depends on what kind of variable and how it relates to the whole number.
When the graph of best fit is a straight line the dependent and independent variables have what kind of relationship?
the dependent variable has one value and the independent variable has no value
What is the variable called that changes in response to another variable?
The answer is a dependent variable. A variable that changes in response to another variable is called a dependent variable.
What variable is influenced by the variable that is manipulated?
The dependent variable.
What are some facts about independent and dependent variable?
An independent variable is a variable which, in the context of the experiment or the observations, can affect the dependent variable but is not affected by it. By contrast, the dependent variable is affected by changes in the independent variable. It is quite possible that there is no independent variable, as such, and each variable affects the other.
Is income a categorical variable?
No. Income is a quantitative variable since it is measured in numbers instead of categories.
How do you get percentage of national income formula?
The percentage that variable Y accounts for is 100*Variable Y/National Income
What is the income for playing soccer?
Variable
When drawing a graph that measures family average income over a period of 50 years what is the independent variable?
The average income is the variable right?
Variable costing income is a function of?
sales
How do you calculate total variable expenses in a contribution income statement?
Total variable cost is typically the sum of all variable labor, variable materials, and variable overhead expenses.
What kind of variable is sport in statistics?
It is a qualitative variable.
What are the two kind of variable?
what are the two kinds of variable
What an idependent variable?
It is the kind of variable that you purposely change.
What is an idependent variable?
It is the kind of variable that you purposely change.
Independent variable examples?
They are the variables that you think predict some outcome (which is considered the dependent variable). So you might have a theory that gender and age predicts personal income. Gender and age are the independent variables, and income is the dependent. The choice of whether a variable is independent or dependent often is driven by the question you're trying to answer. So in many cases it's possible that the same variable could be an independent variable in one analysis, but a dependent variable in a different analysis. For example, while income was the dependent variable in the earlier example, if you were trying to predict whether a child goes to college, the parents' income might be an important independent variable in that case.
Is income tax variable cost?
No, income tax is calculated after all other fixed and variable costs are considered and deducted from gross sales. That number is your Net Profit, and income tax is calculated based on that number (not on the number of units one produces).
