Define Variance

question 58

Essay

Define variance.What is the difference between a favorable and an unfavorable variance?

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Definitions:

Function

A relationship or expression involving one or more variables, where each input value has exactly one output value.

Simplify

To reduce a mathematical expression or equation to its simplest form by performing operations and combining like terms.

Evaluate

To calculate the numerical value of an expression or determine the result of an equation.

Function

A function is a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.