Problem
Even though we distinguish between continuous and discrete uncertain quantities, in reality everything is discrete if only because of limitations inherent in our measuring devices. For example, we can only measure time or distance to a certain level of precision. Why, then, do we make the distinction between continuous and discrete uncertain quantities? What value is there in using continuous uncertain quantities in a decision model?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.