Budget variance is calculated using variance analysis to compare planned, or budgeted, amounts to actual amounts. Variance analysis is a quantitative examination of the differences between budgeted and actual amounts, according to AccountingTools.
To calculate simple variance, also called sample variance, start by calculating the mean of the set of numbers. Next, subtract the mean and square the result for each number. Finally, add the squared results, and divide this sum by one less than the number of data points.
Calculate variance by finding the average of the square of the data values' differences from the mean. You need the data values, mean, squared mean difference and the number of data values in the data set.
There are two basic ways of calculating variance in Excel using the function VAR or VAR.S. These functions can then calculate variance in several ways: use of numbers in arguments of function =VAR(2,3,4,5,6,7,8,125), use of cells as arguments in the formula =VAR(A2,A3,A4,A5), use of a range of cells
To calculate the sample variance of a population, first determine the mean of the sample, subtract each data point from the mean, square each resulting number, add all the squared results together, and then divide that number by the total number of points in the data set minus one. A one is subtract
Percentages are calculated by finding what portion a fractional amount takes up out of 100. By comparing a fractional amount to x/100, a percentage can be found.
Percentage can be calculated on a basic calculator by multiplying with the percent button. If the percent button is not present, the percent amount can be converted to a decimal and that can be multiplied instead.
Jari Jokinen's and the Math Easy Solutions percentage calculators both allow a user to find percentages by entering values into common percentage verbiage used in word problems. The Math Is Fun percentage calculator allows someone to compare two numbers percentage-wise.
Calculate the percentage difference of two numbers by dividing the difference of the numbers by their average. Multiply this answer by 100 to determine the percentage difference.
To determine a percentage, divide the actual number by the total possible number, and multiply the result by 100. For example, if four out of five doctors agree on something, enter the equation in a calculator as "4 ÷ 5 x 100." The result, 80, is the percentage.