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Explain Variance Analysis. Describe How Variance Analysis Assists Managers

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Explain variance analysis. Describe how variance analysis assists managers.


Definitions:

Sorting

The process of organizing data in a specific order, such as alphabetically, numerically, or by date.

Zero-length String

A string value that contains no characters, often used to represent the absence of text.

Entry

The act of inputting data into a system or the individual piece of data that is entered.

Database

A structured set of data held in a computer, especially one that is accessible in various ways.

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