A budget "variance" is the difference between planned and actual performance.
Actual conditions refer to the real-time measurements or values of a system's parameters, such as temperature, pressure, or flow rate. Set points, on the other hand, are the desired target values that a system aims to achieve or maintain. The difference between the two helps in assessing performance and determining necessary adjustments to bring actual conditions in line with the set points. This feedback loop is crucial for effective control and optimization in various processes.
A Census is the type of survey for a complete population. A Sample Survey is only a portion of the population which is used to make predictions on the representation of the actual population.
An individual difference variable are variables that occur naturally and that a researcher cannot assign a participant to. These include gender, age, height, etc. A manipulated variable a researcher can assign a person to such as a placebo group vs the actual medicine.
statistical significance
In general actual capacity is bit less than the nominal capacity of any form
Open-end lease
Open End lease
Estimated cost is the budgeted cost according to the original Project Management. Actual cost represent the actual payments (actual cost of the project). Your question seems related to earned value analysis, which is essentially comparing the budgeted cost/hours against the actual cost/hours.
Actual Costs are costs which have occurred and can be reliably measured. Budgeted Costs are costs which have been estimated, possibly by using Forecasted Costs.
100-99=1
Fixed overhead budgeted variance is the difference between estimated budgeted cost and actual fixed overhead cost of production.
The difference between actual quantity and standard quantity is called the material quantity variance.
Nominal capacity refers to the theoretical maximum output a system can achieve under ideal conditions, while actual capacity represents the real-world output, which often falls short due to factors like machine efficiency, maintenance issues, and operational constraints. In essence, nominal capacity is an optimistic estimate, whereas actual capacity reflects the practical limitations and inefficiencies encountered in production or service delivery. Understanding this difference is crucial for effective resource planning and performance evaluation.
There is no difference between the jack used in the actual sense and in the lab.
6"by 6"by" 6"= .5 Cu Ft
The actual value of a piece of jewelry is the current price the market will determine if the jewelry is sold today. An appraisal is an estimated price the jewelry will sell for if the market and demand is ideal.