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Continue Learning about Statistics
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
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