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What else can I help you with?
Can the value of the variance ever equal the value of the standard deviation?
Yes; when the variance is one.
Can standard deviation and variance be negative?
No. Neither the standard deviation nor the variance can ever be negative.
Can the Variance ever be smaller than standard deviation?
Yes. If the variance is less than 1, the standard deviation will be greater that the variance. For example, if the variance is 0.5, the standard deviation is sqrt(0.5) or 0.707.
What difference between a favorable variance and an unfavorable variance?
Favourable variance is that variance which is good for business while unfavourable variance is bad for business
What is the difference between negative price variance and volume variance?
Negative price variance is when the cost is less than budgeted. Volume variance is a variance in the volume produce.
What are the variances in a 4 variance analysis?
efficiency variance, spending variance, production volume variance, variable and fixed components
What factors causes Budget Variance?
There are 7 variances associated with a budget ( which are generally calculated for controlling purposes) 1- Material Price variance 2- Material Quantity variance 3- Labor rate variance 4- Labor efficiency variance 5- Spending variance 6- Efficiency variance 7- Capacity variance
Which is not a measure of dispersion range or variance?
Variance
What is Assumptions for Variance Heterogeneous?
Unequal in Variance
What is Assumptions for Variance Homogeneous?
Equal in Variance
Why do you round up numbers?
when ever you see a number that is over 50 you goo to the nect hundred when ever you see a number below 50 you go to the hundred your counting by
Can variance be negative?
Since Variance is the average of the squared distanced from the mean, Variance must be a non negative number.
