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Use the following statements to answer this question:
I.The source of volatility in operating income is caused by fixed costs.
II.Operating leverage does not necessarily increase with increases in the volatility of net income.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of values.
Distributions
Distributions describe how the values of a variable are spread or distributed across possible values.
Data
Information collected for analysis or reference.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the set deviate from the mean.
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