variance
Definition 1
A measure of the average distance between each of a set of data points and their mean value; equal to the sum of the squares of the deviation from the mean value.
Definition 2
In accounting, the difference between the actual cost and the standard cost for direct material, labor and overhead.
A measure of the average distance between each of a set of data points and their mean value; equal to the sum of the squares of the deviation from the mean value.
Definition 2
In accounting, the difference between the actual cost and the standard cost for direct material, labor and overhead.
This content can be found on the following page:
variance is ...
... part of the Technical Analysis subject.
... part of the Technical Analysis subject.
Related Terms
portfolio variance
variance appears in the definitions of these other terms on BusinessDictionary.com
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