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Earn +20 ptsQ: How is the sales-volume variance calculated?
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Continue Learning about Statistics
What is the F stat in regression analysis?
The F stat tests the equality of variances. It uses statistical tables for reference and is calculated with F = Variance 1 (max)/variance 2(min).
In statistics what would you call the conclusions drawn about a population?
INFERENCES Any calculated number from a sample from the population is called a 'statistic', such as the mean or the variance.
How do you calculate a budget variance as a percentage?
actual budget/budget = variance%
Set of 25 numbers has standard deviation 6 then it's variance is?
Square the standard deviation to obtain the variance. The variance is 62 or 36.
What is the meaning of analysis of covariance?
A mix of linear regression and analysis of variance. analysis of covariance is responsible for intergroup variance when analysis of variance is performed.
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