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Q: When you have budjeted amount actual accrued and actual expended amount then formula for budget variance?
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What is the formula for calculating variance and standard deviation?

b-a/6


How do you find variance?

You calculate it using the appropriate formula, which, given the limitations of this site, is not easy to reproduce. However, you can easily Google the formula.


What power is expended of 100 N box is lifted the distance 2 meters in 1.0 Sec?

The formula for power is: amount of work / time interval 200 J / 1 sec. The amount of power expended: 200 Watts


When do we use the unbiased formula of variance?

Variance is a characteristic parameter of a probability distribution: it is not a statistic. In any particular situation (with a few strange exceptions) it has only one value and therefore cannot have any bias.


What is the Direct labor efficiency variance formula?

(actual time * standard rate) - (standard time * standard rate)


Accrued interest vs interest payable?

Interest payable is the interest that has not yet been paid to the customer on the deposit. Accrued interest is interest that is accumulated over a period ,especially from last payment made to the customer. The primary formula for calculating the interest accrued in a given period is: where, T = number of days in the period/number of days in the year


What is the variance used for?

Variance is used to add standard deviations when comparing two samples or populations. Variance is simply Std^2. The formula for obtaining Std is dependent on the type of sample taken\ hypothesis test performed i.e. 2-proportion pop/sample, single proportion, poussin, binomial, etc.


Formula of Accrued Receivable?

This is my adderstading of Acrued receivable is we have done a service for the clent but we did not yet receive the cash. but we can book it as a revenue. I need more detail answer.


What does n-1 indicate in a calculation for variance?

The n-1 indicates that the calculation is being expanded from a sample of a population to the entire population. Bessel's correction(the use of n − 1 instead of n in the formula) is where n is the number of observations in a sample: it corrects the bias in the estimation of the population variance, and some (but not all) of the bias in the estimation of the population standard deviation. That is, when estimating the population variance and standard deviation from a sample when the population mean is unknown, the sample variance is a biased estimator of the population variance, and systematically underestimates it.


What is formula of Ostwald?

A citation from Encyclopedia.com (see the link below):"In various works Ostwald gave mathematical formulas for happiness (G represents Glück). In one of these, G=K(A-W)(A+W), A represents the expended energy that is welcomed by the will; W represents the expended energy that corresponds to disagreeable experiences associated with resistance; and k is the factor for transforming the energetic into the psychological process."But this is not a serious scientific formula !


Can the standard deviation or variance be negative?

No, a standard deviation or variance does not have a negative sign. The reason for this is that the deviations from the mean are squared in the formula. Deviations are squared to get rid of signs. In Absolute mean deviation, sum of the deviations is taken ignoring the signs, but there is no justification for doing so. (deviations are not squared here)


What is schedule variance in project management?

Schedule variance (SV) - This is the deviation of the performed schedule from the planned schedule in terms of cost. No confusion is allowed here because you already know that the schedule can be translated to cost. SV is calculated as the difference between EV and PV, as shown in the formula here:SV = EV - PV