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Q: What is the level of closeness between a measured quantity and the actual or standard value called?
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What level of closeness between a measured quantity and the actual or standard value?

It's the similarity I think.


What is The level of closeness between multiple measurements of the same quantity is called?

Precision


The level of closeness between multiple measurements of the same quantity is called?

precision


The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the?

The difference between actual quantity and standard quantity is called the material quantity variance.


Comparison between an unknown quantity and a standard?

A comparison between an unknown quantity and a standard is known formally as a measurement. In essence, by taking a measurement of a standard against an unknown quantity, you are creating your own system of measurement.


What are the similarities between pressure and quantity?

Pressure is a force measured in amounts. Quantity is about amounts of something. Therefore they are similar by virtue of being about a `number of things'.


The correlation between an asset's real rate of return and its risk as measured by its standard deviation is usually?

The correlation between an asset's real rate of return and its risk (as measured by its standard deviation) is usually:


What is the difference between physical property and physical quantity?

The physical property is measured by physical quantities. Examples: a mass is measured in kg, the thermal conductivity is measured by W/m.K, the density is measured by g/cm3.


What does described mean in math?

"Dose" is a measured portion of a medicine. So "dose described" would mean a description of the quantity of mediaction to be taken, including intervals between taking the medecine."Dose" is a measured portion of a medicine. So "dose described" would mean a description of the quantity of mediaction to be taken, including intervals between taking the medecine."Dose" is a measured portion of a medicine. So "dose described" would mean a description of the quantity of mediaction to be taken, including intervals between taking the medecine."Dose" is a measured portion of a medicine. So "dose described" would mean a description of the quantity of mediaction to be taken, including intervals between taking the medecine.


When computing standard cost variances the difference between actual and standard price multiplied by actual quantity yields what?

Price Variance


Define dynamic error?

dynamic error is caused by time variation in the measured quantity


Why elasticity of demand is measured in percentage?

Price elasticity can be precisely measured by dividing the percentage change on quantity demanded by the percentage change in price that caused it. Thus e can measure price elasticity by using the formula Price elasticity = Percentage change in quantity demanded ÷ percentage change in price