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Assume one has a set of 35 scores with = 100 and s = 9. If 5 scores, each equal to 100 were added to the distribution, what effect would this have on
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Favorable Variances
Differences between actual and budgeted amounts that result in more profit or less cost than originally planned.
Income
Money received, especially on a regular basis, for work, through investments, or from business activities.
Management Of Variance Analysis
The process of investigating the differences between actual financial results and budgeted or expected results, with the aim of understanding the reasons behind these variances to manage and improve financial performance.
Flexible Budget Amounts
Budgeted figures that can adjust based on changes in activity levels or other factors, unlike a static budget.
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