00:01
All right, so we're looking at variables and whether they are discrete or continuous.
00:08
So the number of new accounts established by a salesperson in a year.
00:12
So the number of accounts.
00:13
So this is going to be discrete because discrete means it can only assume certain clearly separated values.
00:25
And meaning like you'd have like one, two, three, so on and so forth, kind of integer values.
00:31
So you can't have three and a half accounts open, so this would be discrete.
00:39
The time between customer arrivals to a bank.
00:43
This, depending how you cut up the time, you might argue it's discrete, but continuous in the sense that time is itself continuous.
01:00
So it can, someone could arrive, if this is the opening and the closing of the business, say like nine to four or whatever the business is, times are that it's open, they could arrive at any instant within that range.
01:19
Because they can, continuous variables can assume an infinite number of values, and there is an infant number within this range...