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Household income is a quantitative variable, specifically a continuous variable, since it can take on a wide range of numerical values.

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1y ago

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What type of variable is monthly household income?

Monthly household income is a continuous quantitative variable. It can take on a wide range of values, including decimals, and is measured on a numerical scale. This variable can be used to analyze trends, make comparisons, and assess relationships with other economic factors.


What type of software could be used for each what calculating household income and spending?

What type of software could be used for each of the followingcalculating household income and spending?


What is the median household income of Massachusetts?

Median household income, 2008$65,304 In 2008 the median household income of Massachusetts was $65,304.


What was US median household income in 1931?

Median Household Income 1931


What does household income frequency mean?

Household income frequency refers to how often a household earns income, such as monthly, bi-weekly, or annually. Understanding the frequency of household income is important for budgeting and financial planning purposes.


What is gross household income?

gross household income is how much money everyone in your "household" brings home after taxes.


What is median houshold income mean?

You calculate the income for each household. This is the sum of the incomes of all members of the household. The median is the value of household income such that 50% of households have a higher income and 50% have a lower income.


What is Household income after taxes called?

Net Household Income After-Tax Income is actually a common term as well.


What is the average household income in Somalia?

Per capita household income ($) Somalia 226


What is the average household income in Connecticut?

The average household income in Connecticut is around $78,833.


Is income a categorical variable?

No. Income is a quantitative variable since it is measured in numbers instead of categories.


Is medium household income before-tax grosss income or after-tax adjusted income?

Medium household income is typically reported as before-tax gross income. This is the total income earned by the household before any deductions or adjustments are made for taxes or other expenses.