Variance Decomposition
| Total Revenue (1) | Share of Total Variance Program Expenditures (2) | |
|---|---|---|
| Total variance | 100% | 100% |
| Variance of manager effect | 22.4% | 30.1% |
| Variance of charity effect | 94.2% | 97.5% |
| Variance of Xb | 5.3% | 5.9% |
| Variance of residual | 7.8% | 10.1% |
| 2Cov(manager, charity) | -25.0% | −40.8% |
| 2Cov(Xb , manager) | 0.9% | 2.2% |
| 2Cov(Xb , charity) | −5.5% | −5.1% |