If Both Favorable and Unfavorable Variances Exist,the Variances Are Subtracted

question 84

True/False

If both favorable and unfavorable variances exist,the variances are subtracted from each other.The variance is determined to be favorable or unfavorable based on which one is the larger amount.

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Definitions:

Population Standard Deviation

A statistical measure indicating the spread or variability among values in a total population.

Confidence Level

The proportion of times that an estimating procedure will be correct if it is used repeatedly.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values diverge from the mean.

Confidence Level

The Confidence Level is the percentage that represents how often the true percentage of the population who would pick an answer lies within the confidence interval.