Briefly Explain the Term "Variance" of the Returns

question 60

Essay

Briefly explain the term "variance" of the returns.

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Definitions:

Tertiary Circular Reaction

A stage in Piaget's theory of cognitive development during which toddlers experiment with new behaviors to see the outcomes, typically observed around 12 to 18 months of age.

Invention

The creation of a new device, method, or process, developed from study and experimentation.

Scheme Assimilation

The cognitive process by which new information is absorbed into existing mental frameworks or schemas.

Sensorimotor Development

The stage of cognitive development, according to Piaget, from birth to about two years, where infants learn through interacting with their environment using their senses and motor actions.