Q: What is concomitant variance?

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Favourable variance is that variance which is good for business while unfavourable variance is bad for business

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

Equal in Variance

Pooled variance is a method for estimating variance given several different samples taken in different circumstances where the mean may vary between samples but the true variance (equivalently, precision) is assumed to remain the same. A combined variance is a method for estimating variance from several samples, given the size, mean and standard deviation of each. Mathematically, a combined variance is equal to the calculated variance of the set of the data from all samples. See links.

The variance is: 1.6709957376e+13

Related questions

Concomitant is an adjective meaning "naturally associated with."

Concomitant

Earthquakes are often concomitant with tsunami.

The Oxford English Dictionary has two definitions of the word concomitant. As an adjective, concomitant means going together or accompanying. As a noun, it is defined as an accompaniment or a companion.

What is concomitant

A concomitant illness is one that is occurring while another illness is occurring. For instance, if a person is struggling to control diabetes and then develops an ear infection, the ear infection is said to be a concomitant illness.

Undergoing chemotherapy can result in various side effects, including concomitant hair loss.

Favourable variance is that variance which is good for business while unfavourable variance is bad for business

Negative price variance is when the cost is less than budgeted. Volume variance is a variance in the volume produce.

efficiency variance, spending variance, production volume variance, variable and fixed components

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

physical therapy