  We report on the variability of 443 flat spectrum, compact radio sources
monitored using the VLA for 3 days in 4 epochs at ~ 4 month intervals at 5 GHz
as part of the Micro-Arcsecond Scintillation-Induced Variability (MASIV)
survey. Over half of these sources exhibited 2-10% rms variations on timescales
over 2 days. We analyzed the variations by two independent methods, and find
that the rms variability amplitudes of the sources correlate with the emission
measure in the ionized Interstellar Medium along their respective lines of
sight. We thus link the variations with interstellar scintillation of
components of these sources, with some (unknown) fraction of the total flux
density contained within a compact region of angular diameter in the range
10-50 micro-arcseconds. We also find that the variations decrease for high mean
flux density sources and, most importantly, for high redshift sources. The
decrease in variability is probably due either to an increase in the apparent
diameter of the source, or a decrease in the flux density of the compact
fraction beyond z ~ 2. Here we present a statistical analysis of these results,
and a future paper will the discuss the cosmological implications in detail.
