The websites are confusing! Can someone please explain what a revenue variance is? I want to do my homework for a spreadsheet I downloaded.

Question

I just need the definition, please.

Answer 1

The meaning of variance, and the method of computing it, is described here:
http://davidmlane.com/hyperstat/A16252.html

Apply that method to a set of revenue numbers that you should have been provided in the spreadsheet.

Answer 2

Thank you!