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What else can I help you with?
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.
Show that in simple random sampling the sample variance is an unbiased estimator of population variance?
It is a biased estimator. S.R.S leads to a biased sample variance but i.i.d random sampling leads to a unbiased sample variance.
Advantages of using the analysis of variance?
Explian DOE using Variance Analysis
In an analysis of variance which is directly influenced by the size of the sample variances?
df within
In an analysis of variance is SS directly influenced by the size of the sample variances?
Yes it is.
What router is most used by corportations?
Cisco has the largest marketshare especially for larger applications. For smaller applications Linksys is a predominate choice. anonymous@oola.com
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 factors to consider when investigating a variance?
When investigating a variance, consider the magnitude and direction of the variance to understand its significance. Analyze underlying data for accuracy and potential errors, and assess any changes in processes or external factors that may have influenced the results. Additionally, evaluate historical trends and performance benchmarks to contextualize the variance within a broader framework. Lastly, ensure that stakeholder input is gathered to provide insights and perspectives on the observed discrepancies.
What variance in a comprehensive performance report using the flexible budget concept is most appropriate for measuring efficiency of operations?
The most appropriate variance in a comprehensive performance report using the flexible budget concept for measuring operational efficiency is the "Efficiency Variance," often referred to as the "Usage Variance" or "Input Variance." This variance assesses the difference between the actual input used and the expected input based on the flexible budget for the actual level of activity. It highlights how well resources are utilized relative to what was budgeted, thereby providing insights into the effectiveness and efficiency of operations. Analyzing this variance helps identify areas for improvement in resource management and operational processes.
What is the difference between negative price variance and volume variance?
Negative price variance is when the cost is less than budgeted. Volume variance is a variance in the volume produce.
What are the variances in a 4 variance analysis?
efficiency variance, spending variance, production volume variance, variable and fixed components
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
Which is not a measure of dispersion range or variance?
Variance
What is Assumptions for Variance Heterogeneous?
Unequal in Variance
What is Assumptions for Variance Homogeneous?
Equal in Variance
