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Earn +20 ptsQ: Is it stock variance is 0?
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What is the variance of these five scores 0 0 1 2 3?
Average = (0+0+1+2+3)/5 = 1.2 Variance = 1/N * SUM (x-E(x))2 = 1/5 * 6.8 = 1.36 Answer: Variance = 1.36
Can there be a 0 variance and if so what do you label it?
If all values in the distribution are the same, yes.
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 different between standard normal distribution and normal distribution?
A normal distribution can have any value for its mean and any positive value for its variance. A standard normal distribution has mean 0 and variance 1.
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
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