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A simple economy consists of the following five individuals: Individual Income ( iY ) 2 )( YYi A 13 B 10 C 7 D 9

A simple economy consists of the following five individuals: Individual Income ( iY ) 2 )( YYi A 13 B 10 C 7 D 9 E 11 (a) Fill in the third column. (b) Calculate mean income ( Y ), the variance of income ( )(YVar ), and the coefficient of variation ( CV )

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