ACT 5060 – Accounting for Decision Makers. Submitted to: Dr. Wonnell Submitted by: Daniel Castelblanco N01377525 7975 SW 86 St. Miami‚ FL 33143 Cell: (786) 546-5408 Date of Submission: September 7‚ 2012 Title of Assignment: Variance Analysis CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledge and disclosed in the paper. I have also cited any sources from which I used data‚ ideas of
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Chapter 11 Two-Way ANOVA An analysis method for a quantitative outcome and two categorical explanatory variables. If an experiment has a quantitative outcome and two categorical explanatory variables that are defined in such a way that each experimental unit (subject) can be exposed to any combination of one level of one explanatory variable and one level of the other explanatory variable‚ then the most common analysis method is two-way ANOVA. Because there are two different explanatory variables
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4.5 Kruskal-Wallis Test Based on the normality test that was done‚ it was shown that the data were not normally distributed so a non-parametric test has to be done instead of a parametric test. Kruskal-Wallis’ test (also called the one-way ANOVA on ranks)‚ was done to determine if there were statistically significant differences between three groups of an independent variable on a continuous variable. 4.5.1 Compare mean AA among the three races in both age groups The Kruskal-Wallis test was done
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Statistical Performance Analysis of Complete and Incomplete Block Designs: a Comparison of RCBD‚ Lattice Design and Alpha-Lattice Designs under SARI Field Conditions By Ashenafi Abebe A Thesis Submitted to the Department of Statistics‚ School of Graduate Studies‚ College of Natural Science‚ Jimma University In Partial Fulfillment for the Requirements of Masters of Science (MSc) Degree in Biostatistics October‚ 2011 Jimma‚ Ethiopia
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Assignment I Human Growth & Development Monday-Thursday 10:30 a.m. – 12:45 p.m. Journal Journal of Personality Title What Is More Important for National Well-Being: Money or Autonomy? A Meta-Analysis of Well-Being‚ Burnout‚ and Anxiety Across 63 Societies Authors Ronald Fischer and Diana Boer Year‚ Volume‚ Pages 2011‚ Vol. 101‚ No. 1‚ 164–184 Why was the study conducted? The study was conducted to see if people would rather have money or basically have freedom‚ which also means
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corrective actions or commend things that resulted in a favorable overall variance. This year‚ the division has a favorable operating income variance of $71‚700. Highlights: · Jim Peterson‚ president of the ice cream division‚ asked Frank‚ vice-president of the Sales and Marketing of the Ice Cream Division to make a short presentation at the next management meeting commenting on the major reasons for the favorable operating income variance of $71‚700 · Using the newly installed financial planning and control
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Variances Variances can be either: * Positive/favourable (better than expected) or * Adverse/unfavourable ( worse than expected) A favourable variance might mean that: * Costs were lower than expected in the budget‚ or * Revenue/profits were higher than expected By contrast‚ an adverse variance might arise because: * Costs were higher than expected * Revenue/profits were lower than expected What causes budget variance? There are four key reasons and it is important that
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Chapter 15 The Flexible Budget: Further Analysis of Productivity and Sales Teaching Notes for Cases Case 15-1 Dallas Consulting Group* This case serves as a review of sales variances. Since all costs are fixed‚ it is unnecessary to do a variance analysis based on contribution. Instead‚ the analysis is better done based solely on revenues. The variances shown in Exhibit 1 are computed for the “levels” explained in the “Note on Managing Against Expectations.” Students should recognize
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Issues: 1. The current variance analysis used for the 1973 fiscal years shows an overall favorable net variance of $71‚700. This is an aggregate net figure based upon the favorable variance due to sales and the unfavorable variance due to operations. This net variance figure fails to highlight areas of deficiency to help identify corrective actions. Furthermore‚ this variance does not indicate the real cause of the favorable overall variance. The success and purpose of variance analysis is reliant on how
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Boston Creamery‚ Inc. Presented by: Tuan Nguyen Erin Robbins Rachael Romo Jo-Chen Sun Outlin e Prepare a variance analysis schedule Restructure the variance analysis report Recommend corrective actions based on the profit variance analysis and commendations Point out weaknesses of their “Profit planning & control” management theory Overall assessment of their “management to Jim Peterson is the president of the Ice Cream Division of Boston Creamery‚ Inc. Awaiting Frank Roberts report to the
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