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The relationship between a principal and agent is:
Variation
The occurrence of differences among individuals, groups, or populations, often leading to evolutionary change.
Standard Deviation
A statistical measure that represents the dispersion or variance in a set of data points from its mean.
Measure of Variation
A statistical tool used to describe the distribution or spread of data points in a dataset, common measures include variance, standard deviation, and range.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of values, indicating how spread out the numbers are in a dataset.
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