Try calculating the variance without the squaring bit - it gives 0 every time. Squaring allows you to ignore the direction (sign) of the number.
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The variances are squared so that all deviations above and below the mean become positive values. Taking the square root of the variance then gives a measure of the differences from the mean: the standard deviaton. Squaring the deviations also makes the bigger differences stand out. Look at 100 squared vs 10 squared.
equal variances
Squared
calculation of the area of a square
To find 0.2 squared, you simply multiply 0.2 by itself. This calculation results in 0.04. Therefore, 0.2 squared is equal to 0.04.
total master-budget variances
should all variances be investigated
Ralph only likes squares of numbers. He likes 25 (5 squared), 400 (20 squared), and 144 (12 squared).
57 squared is equal to 57 multiplied by 57, which equals 3,249. This calculation can be done by multiplying 57 by itself using the traditional multiplication method or by using a calculator. The square of a number is the result of multiplying the number by itself.
To find 1.5 squared, you would multiply 1.5 by itself. This calculation would result in 2.25. This is because 1.5 multiplied by 1.5 equals 2.25. So, 1.5 squared is equal to 2.25.
An F-test can be used for variances.
Adverse variances means unfavourable variance which is actual expenses are more than budgted variance.