answersLogoWhite

0


Best Answer

If the two distributions can be assumed to follow Gaussian (Normal) distributions then Fisher's F-test is the most powerful test. If the data are at least ordinal, then you can use the Kolmogorov-Smirnov two-sample test.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do you determine if variances are similar?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does activity-level variances plus flexible-budget variances equal?

total master-budget variances


The variances that should be investigated by management include?

should all variances be investigated


When comparing two variances or standard deviations is an f-test is used?

An F-test can be used for variances.


How do you calculate the efficiency of statement of cashflows?

Ratios!! Compare the various ratios with last year's cash flow statement and balance sheet, and look at variances. Then determine why these variances have occurred. Also compare budgeted cash flow to actual cash flow and determine whether these were favorable or u favorable, and again determine why. Please note different industries have different norms for ratios, ie liquid ratio for car sales would be different to supermarket. Good to compare to industry average or like business to determine ratios are on track or way off. This can be used as a management tool to determine action for the following financial periods.


What are adverse variances?

Adverse variances means unfavourable variance which is actual expenses are more than budgted variance.


Are Serbians and Montenegrins the same?

They speak the same language and have very similar cultures. But, Montenegrins are typically darker in coloring than Serbs and there are enough variances in cultures that they are considered to be distinct peoples.


Can a reflection be used to determine if figures are similar?

yes. if the two figures are the same size and shape, then they are similar


Which is the correct set of assumptions needed for comparing 3 or more means?

Equal variances, independent observations and normality


Why are separate price and quantity variances computed?

Price and quantity variances are computed respectively because different managers are usually responsible for buying and for using inputs.


Why are variances generally segregated in terms of a price variance and an efficiency variance?

Efficiency Varian materials and direct labor, the variances were recorded in specific general ledger accounts.


What is the purpose of accident investigations?

To determine how to avoid a similar accident in the future


What is purpose of accident investigation?

To determine how to avoid a similar accident in the future