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Earn +20 ptsQ: What is the current total family income minimum made by the Bureau of Labor Statistics Low Standard Budget?
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Continue Learning about Statistics
According to the Bureau of Labor Statistics housing represents what percent of the monthly budget of most Americans?
32%
What are the importance of statistics to banking and finance?
In the field of banking and finance, statistic is a necessity. It needs the statistic to monitor and prepare the budget, formulation of policies, to prepare a report for the Board and regulatory authorities, and to monitor the performance of organization.
How do you calculate a budget variance as a percentage?
actual budget/budget = variance%
What is a budget variance?
A budget "variance" is the difference between planned and actual performance.
How do you calculate budget variance?
This years' sales plus last years' sales divided by 2
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