What do this week's weather forecast, a company's performance, and gambling have in common? Most the time, outcome does not match what people expect. The deviation from what was expected is called the variance.

Instructions

In your initial post,with prompts:

Your company CEO tells you, "West Coast Division always reports generous and favorable variances. They save us a lot of time because we do not have to spend time reviewing its results." What do you think of his comment?

In your reply post,with prompts:

Reply to a classmate's post that shares an example and add your thoughts from your personal experience or an academic source supporting your point of view.