Modeling money in whole cents restricts the possible values to a discrete set (multiples of 0.01). This creates a countably infinite set of possible outcomes, which differs from an idealized continuous model where amounts can take any real value within an interval before rounding.
Conditions: The monetary amount is constrained to whole cents.; Comparing discrete cent-based models with idealized continuous models.
Modeling money in whole cents restricts the possible values to a discrete set (multiples of 0.01). This creates a countably infinite set of possible outcomes, which differs from an idealized continuous model where amounts can take any real value within an interval before rounding.
Conditions: The monetary amount is constrained to whole cents.; Comparing discrete cent-based models with idealized continuous models.