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What is another word for varieties?
variation, variance, modification, diversity, difference, change
What is the difference between the coefficient of simple determination and that of multiple determination?
The coefficient of simple determination tells the proportion of variance in one variable that can be accounted for (or explained) by variance in another variable. The coefficient of multiple determination is the Proportion of variance X and Y share with Z; or proportion of variance in Z that can be explained by X & Y.
What are the variances in a 4 variance analysis?
efficiency variance, spending variance, production volume variance, variable and fixed components
Which is not a measure of dispersion range or variance?
Variance
Can the Variance ever be smaller than standard deviation?
Yes. If the variance is less than 1, the standard deviation will be greater that the variance. For example, if the variance is 0.5, the standard deviation is sqrt(0.5) or 0.707.
What is another word for varieties?
variation, variance, modification, diversity, difference, change
What is another word for 'a change'?
Alteration, modification, transformation, conversion, substitution, replacement, trade, exchange, adaption, variance...
What does the word variance mean?
difference; change, or amount of change
What is a variance report?
It is a report to see how a business is doing by comparing one set of figures to another. The variance is the number in between and can be useful in forecasting or to chart performance.
What word means the average of the squared deviation scores from a distribution mean?
Variance
What difference between a favorable variance and an unfavorable variance?
Favourable variance is that variance which is good for business while unfavourable variance is bad for business
Which statistical term describes how far your participants and rsquo ratings diverge from one another (the lower this value the more your participants agree with one another)?
The statistical term that describes how far participants' ratings diverge from one another is "variance." A lower variance indicates that participants' ratings are closely clustered together, reflecting greater agreement among them. Conversely, a higher variance suggests greater disagreement and more spread-out ratings. This concept is often measured using standard deviation, which is the square root of variance.
What is the difference between the coefficient of simple determination and that of multiple determination?
The coefficient of simple determination tells the proportion of variance in one variable that can be accounted for (or explained) by variance in another variable. The coefficient of multiple determination is the Proportion of variance X and Y share with Z; or proportion of variance in Z that can be explained by X & Y.
What is the difference between negative price variance and volume variance?
Negative price variance is when the cost is less than budgeted. Volume variance is a variance in the volume produce.
What are the variances in a 4 variance analysis?
efficiency variance, spending variance, production volume variance, variable and fixed components
What factors causes Budget Variance?
There are 7 variances associated with a budget ( which are generally calculated for controlling purposes) 1- Material Price variance 2- Material Quantity variance 3- Labor rate variance 4- Labor efficiency variance 5- Spending variance 6- Efficiency variance 7- Capacity variance
Which is not a measure of dispersion range or variance?
Variance
