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Earn +20 ptsQ: What is a budget variance?
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How do you calculate a budget variance as a percentage?
actual budget/budget = variance%
How do you calculate budget variance?
This years' sales plus last years' sales divided by 2
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.
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