Is The variance is the mean of the sum of the squared deviation between each observation and the median?

Is The variance is the mean of the sum of the squared deviation between each observation and the median?
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. If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

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A Project with a total funding of $100,000 finished with a BAC value of $95,000. What term can BEST describe the difference of $5,000? A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance

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Which one of the following does project change control primarily seek to ensure? a. All variance to the project scope is evaluated. b. No reduction in the perceived quality of the project outcome. c. Management costs of the project do not increase. d. Any decrease in the scoped deliverable of the project is rejected

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The BCWS = $250, the ACWP = $350, and the BCWP = $200. Calculate the Cost Variance. 1. -$150 2. $150 3. -$50 4. $50

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Cost Variance (CV) is which of the following equations? 1. CV = BCWP - BCWS 2. CV = BCWP - ACWP 3. CV = SV / BCWS 4. A and c

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If the Earned Value is equal to Actual Cost, it means: A. Project is on budget and on schedule B. Schedule Variance Index is 1 C. There is no schedule variance D. There is no cost variance

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Last Answer : D. There is no cost variance

Price movement between two Information Technology stocks would generally have a co-variance. A. zero B. positive C. negative

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The response curve for a step input signal from a reactor is called C￾curve. The variance of C-curve in a 'tanks in series model' comprising of 'm' tanks is equal to (A) m (B) 1/m (C) √m (D) m2

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Last Answer : (B) 1/m

Pick up the correct statement from the following: (A) The horizontal angle between magnetic meridian and true meridian at a place is called magnetic declination or variance of the compass (B) The imaginary lines which pass through points at which the magnetic declinations are equal at a given time are called isogonic lines (C) The isogonic lines through places at which the declination is zero are termedagonic lines (D) All the above

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If an activity has its optimistic, most likely and pessimistic times as 2, 3 and 7 respectively, then its expected time and variance are respectively (A) 3.5 and 5/6 (B) 5 and 25/36 (C) 3.5 and 25/36 (D) 4 and 5/6

Description : If an activity has its optimistic, most likely and pessimistic times as 2, 3 and 7 respectively, then its expected time and variance are respectively (A) 3.5 and 5/6 (B) 5 and 25/36 (C) 3.5 and 25/36 (D) 4 and 5/6

Last Answer : (C) 3.5 and 25/36

What Is Effort Variance?

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Last Answer : Effort Variance = (Actual effort – Estimated Effort) / Estimated Effort.

.Test the following system for time in variance.

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What is effort variance?

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Which of the following would explain an adverse variable production overhead efficiency variance? 1. Employees were of a lower skill level than specified in the standard 2. Unexpected idle time resulted from a series of machine breakdown 3. Poor Quality material was difficult to process (a) (1), (2) and (3) (b) (1) and (2) (c) (2) and (3) (d) (1) and (3)

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During September, 300 labour hours were worked for a total cost of Rs 4800. The variable overhead expenditure variance was Rs 600 (A). Overheads are assumed to be related to direct labour hours of active working. What was the standard cost per labour hour? (a) Rs 14 (b) Rs 16.50 (c) Rs 17.50

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Last Answer : (a) Rs 14

. Which of the following is not a reason for an idle time variance? (a) Wage rate increase (b) Machine breakdown (c) Illness or injury to worker (d) Non- availability of material

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Last Answer : (a) Wage rate increase