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WASTAGE AND VARIANCE

Posted By: Ray Kershaw
Date: Tuesday, 19 October 2010, at 11:49 a.m.

Recently Paul Weaver posted two bear off positions. One "has low wastage and high variance". The other "has greater wastage and lower variance". To help me appreciate these concepts in practice, I wonder if someone could contrast four bear off positions: high wastage and high variance; high wastage and low variance; low wastage and high variance; low wastage and low variance.

Messages In This Thread

• WASTAGE AND VARIANCE
  Ray Kershaw -- Tuesday, 19 October 2010, at 11:49 a.m.
  • WASTAGE AND VARIANCE
    Maik Stiebler -- Tuesday, 19 October 2010, at 1:03 p.m.
    • WASTAGE AND VARIANCE
      Bob Koca -- Tuesday, 19 October 2010, at 7:05 p.m.
      • WASTAGE AND VARIANCE
        Maik Stiebler -- Tuesday, 19 October 2010, at 7:40 p.m.
  • WASTAGE AND VARIANCE
    Tom Keith -- Tuesday, 19 October 2010, at 2:01 p.m.
    • WASTAGE AND VARIANCE
      Maik Stiebler -- Tuesday, 19 October 2010, at 2:23 p.m.
      • WASTAGE AND VARIANCE
        Tom Keith -- Tuesday, 19 October 2010, at 2:56 p.m.
  • WASTAGE AND VARIANCE
    Timothy Chow -- Tuesday, 19 October 2010, at 3:02 p.m.