The textbook discusses five levels of variances: Level 0, Level 1, Level 2, Level 3, and Level 4.Briefly explain the meaning of each of those levels and provide an example of a variance at each of those levels.

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The Answer of The textbook discusses five levels of variances: Level 0, Level 1, Level 2, Level 3, and Level 4.Briefly explain the meaning of each of those levels and provide an example of a variance at each of those levels.

The Textbook Discusses Five Levels of Variances: Level 0, Level