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If the two distributions can be assumed to follow Gaussian (Normal) distributions then Fisher's F-test is the most powerful test. If the data are at least ordinal, then you can use the Kolmogorov-Smirnov two-sample test.

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Q: How do you determine if variances are similar?
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Related questions

What does activity-level variances plus flexible-budget variances equal?

total master-budget variances


What is the purpose of the Levene's test?

Levene's test is used to assess whether the variances of two or more groups are equal. It is commonly employed in statistical analysis to determine if the assumption of homogeneity of variances is met, which is important for certain statistical tests such as the t-test and ANOVA.


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How do you calculate the efficiency of statement of cashflows?

Ratios!! Compare the various ratios with last year's cash flow statement and balance sheet, and look at variances. Then determine why these variances have occurred. Also compare budgeted cash flow to actual cash flow and determine whether these were favorable or u favorable, and again determine why. Please note different industries have different norms for ratios, ie liquid ratio for car sales would be different to supermarket. Good to compare to industry average or like business to determine ratios are on track or way off. This can be used as a management tool to determine action for the following financial periods.


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Adverse variances means unfavourable variance which is actual expenses are more than budgted variance.


Are Serbians and Montenegrins the same?

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