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Recall the Application About the Link Between Happiness and GDP

question 72

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Recall the Application about the link between happiness and GDP to answer the following question(s) . Comparing changes in happiness to changes in per capita income over the last 30 years, economists at Dartmouth College and Warwick University have measured levels of happiness in the United States and United Kingdom based on income levels, ethnicity, age, and gender.
-According to the Application, large increases in per capita income in the United States over the past 30 years have

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Definitions:

Variation

Variation refers to the differences in characteristics or traits among individuals within a population, arising from genetic diversity or environmental factors.

Standard Deviation

A statistical measurement that quantifies the variation or dispersion of a set of data values from the mean.

Range

In statistics, range refers to the difference between the highest and lowest values in a dataset, indicating the dataset's spread.

Arithmetic Average

The average of a set of numbers, determined by adding them together and then dividing by the total quantity of numbers in the set.

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