Which of the following statements is false? the variance increases with the magnitude of the deviations from the mean. the variance is the expected squared deviation from the mean. two common measures of the risk of a probability distribution are its variance and standard deviation. if the return is riskless and never deviates from its mean, the variance is equal to one.

FALSE: If the return is riskless and never deviates from its mean, the variance is equal to one.

Explanation:

If the return is riskless and never deviates from its mean, the variance is equal to ZERO.

Variance is calculated by taking the sum of square of deviations from the mean.

Deviations is calculated by subtracting the returns from their mean.

If the return is riskless and never deviates from its mean, the deviations would always be zero, hence the sum of square of them (variance) would also be zero.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.