Folding tires are more portable and easier to store, making them convenient for cyclists who need to transport their bikes. Non-folding tires are typically more durable and provide better performance in terms of stability and grip on the road. Cyclists who prioritize convenience may prefer folding tires, while those who prioritize performance may opt for non-folding tires.
No, both unfavorable and favorable variances should be investigated. While unfavorable variances indicate areas where performance is lacking and may require corrective action, favorable variances can highlight opportunities for efficiency and best practices that can be leveraged further. Analyzing both types of variances provides a comprehensive understanding of performance and can inform better decision-making.
Budget variances are differences in expenditures from your original budgeted plan. This may happen if there is an expense during the month that one may not have planned for such as an automotive repair or doctor's bill.
The variances are squared so that all deviations above and below the mean become positive values. Taking the square root of the variance then gives a measure of the differences from the mean: the standard deviaton. Squaring the deviations also makes the bigger differences stand out. Look at 100 squared vs 10 squared.
total master-budget variances
Contrasts, characteristics, exceptions, distinctions, variances, idiosyncrasies, arguments, debates, disputes, clashes, opposing views...
Male and female brains have some structural and functional differences. For example, male brains tend to have more connections within each hemisphere, while female brains have more connections between hemispheres. These variances can impact cognitive functions and behaviors, such as problem-solving and emotional processing. However, it's important to note that these differences are not absolute and can vary among individuals.
should all variances be investigated
A statement of deviations is a financial document that compares actual performance against budgeted or expected figures, highlighting variances in revenues, expenses, or other financial metrics. It helps organizations identify areas where performance deviates from plans, enabling management to analyze the causes of these differences and make informed decisions. This statement is essential for effective financial control and strategic planning, ensuring that corrective actions can be implemented when necessary.
An F-test can be used for variances.
Comparative reports --created to show period differences, percentage breakdowns and differences (variances) between actual and budgeted expenditures, such as a report showing the expenses from the current year and the prior year as a percentage of sales
Adverse variances means unfavourable variance which is actual expenses are more than budgted variance.
In statistical analysis, the least squares mean is a type of average that accounts for differences in group sizes and variances, while the mean is a simple average of all values. The least squares mean is often used in situations where there are unequal group sizes or variances, providing a more accurate estimate of the true average.