If all incomes were to fall by ten percent (due to deflation,for example)then the variance of income will

Name: If all incomes were to fall by ten percent (due to deflation,for example)then the variance of income will
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The variance of income would decrease because variance is calculated based on the squared differences from the mean. A uniform reduction in all incomes by 10% reduces the spread of the data around the mean, thus decreasing the variance.

If All Incomes Were to Fall by Ten Percent (Due