{"id":126,"date":"2020-12-10T17:12:00","date_gmt":"2020-12-10T17:12:00","guid":{"rendered":"https:\/\/www.thetrainingplace.org\/blog\/2020\/12\/10\/andy-murray-and-variances\/"},"modified":"2024-11-22T13:57:46","modified_gmt":"2024-11-22T13:57:46","slug":"andy-murray-and-variances","status":"publish","type":"post","link":"https:\/\/www.thetrainingplace.org\/blog\/2020\/12\/andy-murray-and-variances\/","title":{"rendered":"Andy Murray and Variances"},"content":{"rendered":"<p><b><u><span style=\"font-size: 14.0pt; line-height: 107%;\">ANDY MURRAY &amp; VARIANCES<\/span><\/u><\/b><b><u><\/u><\/b><\/p>\n<div style=\"clear: both; text-align: center;\"><a style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\" href=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEjHXs9iU8pbcSIR16LaQm30RjHlKevFNmmcOM4mK9skphM-E8GZ9SsErFV4Wr6SqXXCU-1LkH7X1KH2D3PH9KBF8ZNOJA7sNnpyXWiD2T0gU-gk1Np94p81bWg1tqMxOks8UV3PBv5CAYg\/s680\/Murray.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEjHXs9iU8pbcSIR16LaQm30RjHlKevFNmmcOM4mK9skphM-E8GZ9SsErFV4Wr6SqXXCU-1LkH7X1KH2D3PH9KBF8ZNOJA7sNnpyXWiD2T0gU-gk1Np94p81bWg1tqMxOks8UV3PBv5CAYg\/w584-h301\/Murray.jpg\" width=\"584\" height=\"301\" border=\"0\" data-original-height=\"350\" data-original-width=\"680\" \/><\/a><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 13.0pt; line-height: 107%;\"><span style=\"font-family: 'Calibri',sans-serif; font-size: 11.0pt; line-height: 107%; mso-ansi-language: EN-GB; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-no-proof: yes;\"><!-- [if gte vml 1]><v:shapetype\n coordsize=\"21600,21600\" o:spt=\"75\" o:preferrelative=\"t\" path=\"m@4@5l@4@11@9@11@9@5xe\"\n filled=\"f\" stroked=\"f\">\n <v:stroke joinstyle=\"miter\"\/>\n <v:formulas>\n  <v:f eqn=\"if lineDrawn pixelLineWidth 0\"\/>\n  <v:f eqn=\"sum @0 1 0\"\/>\n  <v:f eqn=\"sum 0 0 @1\"\/>\n  <v:f eqn=\"prod @2 1 2\"\/>\n  <v:f eqn=\"prod @3 21600 pixelWidth\"\/>\n  <v:f eqn=\"prod @3 21600 pixelHeight\"\/>\n  <v:f eqn=\"sum @0 0 1\"\/>\n  <v:f eqn=\"prod @6 1 2\"\/>\n  <v:f eqn=\"prod @7 21600 pixelWidth\"\/>\n  <v:f eqn=\"sum @8 21600 0\"\/>\n  <v:f eqn=\"prod @7 21600 pixelHeight\"\/>\n  <v:f eqn=\"sum @10 21600 0\"\/>\n <\/v:formulas>\n <v:path o:extrusionok=\"f\" gradientshapeok=\"t\" o:connecttype=\"rect\"\/>\n <o:lock v:ext=\"edit\" aspectratio=\"t\"\/>\n<\/v:shapetype><v:shape id=\"Picture_x0020_1\" o:sp type=\"#_x0000_t75\"\n alt=\"Andy Murray Net Worth - How Rich Is He\" style='width:451.5pt;height:231.75pt;\n visibility:visible'>\n <v:imagedata src=\"file:\/\/\/C:UsersJOSEPH~1.SMAAppDataLocalTempmsohtmlclip1\ufffd1clip_image001.jpg\"\n  o:title=\"Andy Murray Net Worth - How Rich Is He\"\/>\n<\/v:shape><![endif]--><!-- [if !vml]--><!--[endif]--><\/span><\/span><\/p>\n<p><span style=\"font-size: 13.0pt; line-height: 107%;\"><span style=\"font-family: 'Calibri',sans-serif; font-size: 11.0pt; line-height: 107%; mso-ansi-language: EN-GB; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-no-proof: yes;\"><!-- [if gte vml 1]><v:shapetype\n coordsize=\"21600,21600\" o:spt=\"75\" o:preferrelative=\"t\" path=\"m@4@5l@4@11@9@11@9@5xe\"\n filled=\"f\" stroked=\"f\">\n <v:stroke joinstyle=\"miter\"\/>\n <v:formulas>\n  <v:f eqn=\"if lineDrawn pixelLineWidth 0\"\/>\n  <v:f eqn=\"sum @0 1 0\"\/>\n  <v:f eqn=\"sum 0 0 @1\"\/>\n  <v:f eqn=\"prod @2 1 2\"\/>\n  <v:f eqn=\"prod @3 21600 pixelWidth\"\/>\n  <v:f eqn=\"prod @3 21600 pixelHeight\"\/>\n  <v:f eqn=\"sum @0 0 1\"\/>\n  <v:f eqn=\"prod @6 1 2\"\/>\n  <v:f eqn=\"prod @7 21600 pixelWidth\"\/>\n  <v:f eqn=\"sum @8 21600 0\"\/>\n  <v:f eqn=\"prod @7 21600 pixelHeight\"\/>\n  <v:f eqn=\"sum @10 21600 0\"\/>\n <\/v:formulas>\n <v:path o:extrusionok=\"f\" gradientshapeok=\"t\" o:connecttype=\"rect\"\/>\n <o:lock v:ext=\"edit\" aspectratio=\"t\"\/>\n<\/v:shapetype><v:shape id=\"Picture_x0020_1\" o:sp type=\"#_x0000_t75\"\n alt=\"Andy Murray Net Worth - How Rich Is He\" style='width:451.5pt;height:231.75pt;\n visibility:visible'>\n <v:imagedata src=\"file:\/\/\/C:UsersJOSEPH~1.SMAAppDataLocalTempmsohtmlclip1\ufffd1clip_image001.jpg\"\n  o:title=\"Andy Murray Net Worth - How Rich Is He\"\/>\n<\/v:shape><![endif]--><!-- [if !vml]--><!--[endif]--><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 13pt;\">Andy Murray, born in May 1987, started playing tennis at 3yrs old and at 5yrs he started competing in tournaments and went pro in 2005. In 2006, he became British no. 1 tennis player and then world no. 1 tennis player in 2016. Andy has won 46 Singles tennis titles, including 3 Grand Slam singles and 2 Olympics Gold medals, <\/span><b style=\"font-size: 13pt;\"><u>making him the only tennis player ever to win two Olympic singles titles<\/u><\/b><span style=\"font-size: 13pt;\">.<\/span><\/p>\n<p><span style=\"font-size: 13.0pt; line-height: 107%;\">The British professional tennis player\u2019s career prize money earning is about $61,544,007, making him the fourth tennis player in history with the highest prize money as at June 2020.<\/span><\/p>\n<p><b><i><u><span style=\"font-size: 15.0pt; line-height: 107%;\">HERE GOES THE ACCOUNTANT!<\/span><\/u><\/i><\/b><\/p>\n<p><span style=\"font-size: 13.0pt; line-height: 107%;\">Let\u2019s assume he had budgeted to earn $80m as at June 2020, what is the variance and variance percentage?<\/span><\/p>\n<p><span style=\"font-size: 13.0pt; line-height: 107%;\">If variance of 15% is significant, will this variance be significant or otherwise?<\/span><\/p>\n<table style=\"border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-border-insideh: .5pt solid windowtext; mso-border-insidev: .5pt solid windowtext; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr style=\"mso-yfti-firstrow: yes; mso-yfti-irow: 0;\">\n<td style=\"border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 62.05pt;\" valign=\"top\" width=\"94\">\n<p style=\"line-height: normal; margin-bottom: 0cm;\"><span style=\"font-size: 13.0pt;\">Budget<\/span><\/p>\n<\/td>\n<td style=\"border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 60.15pt;\" valign=\"top\" width=\"94\">\n<p style=\"line-height: normal; margin-bottom: 0cm;\"><span style=\"font-size: 13.0pt;\">Actual<\/span><\/p>\n<\/td>\n<td style=\"border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 65.85pt;\" valign=\"top\" width=\"94\">\n<p style=\"line-height: normal; margin-bottom: 0cm;\"><span style=\"font-size: 13.0pt;\">Variance<\/span><\/p>\n<\/td>\n<td style=\"border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 65.85pt;\" valign=\"top\" width=\"88\">\n<p style=\"line-height: normal; margin-bottom: 0cm;\"><span style=\"font-size: 13.0pt;\">Variance %<\/span><\/p>\n<\/td>\n<td style=\"border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 117.4pt;\" valign=\"top\" width=\"157\">\n<p style=\"line-height: normal; margin-bottom: 0cm;\"><span style=\"font-size: 13.0pt;\">Adverse\/Favourable<\/span><\/p>\n<\/td>\n<td style=\"border-left: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.8pt;\" valign=\"top\" width=\"121\">\n<p style=\"line-height: normal; margin-bottom: 0cm;\"><span style=\"font-size: 13.0pt;\">Significant \/ Not Significant<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"mso-yfti-irow: 1; mso-yfti-lastrow: yes;\">\n<td style=\"border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 62.05pt;\" valign=\"top\" width=\"94\">\n<p style=\"line-height: normal; margin-bottom: 0cm;\"><span style=\"font-size: 13.0pt;\">80,000,000<\/span><\/p>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 60.15pt;\" valign=\"top\" width=\"94\">\n<p style=\"line-height: normal; margin-bottom: 0cm;\"><span style=\"font-size: 13.0pt;\">61,544,007<\/span><\/p>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 65.85pt;\" valign=\"top\" width=\"94\">\n<p style=\"line-height: normal; margin-bottom: 0cm;\"><span style=\"font-size: 13.0pt;\">18,455,993<\/span><\/p>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 65.85pt;\" valign=\"top\" width=\"88\">\n<p style=\"line-height: normal; margin-bottom: 0cm;\"><span style=\"font-size: 13.0pt;\">23.07%<\/span><\/p>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 117.4pt;\" valign=\"top\" width=\"157\">\n<p style=\"line-height: normal; margin-bottom: 0cm;\"><span style=\"font-size: 13.0pt;\">Adverse<\/span><\/p>\n<\/td>\n<td style=\"border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 90.8pt;\" valign=\"top\" width=\"121\">\n<p style=\"line-height: normal; margin-bottom: 0cm;\"><span style=\"font-size: 13.0pt;\">S<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-size: 13.0pt; line-height: 107%;\">Variance\/ Budget x 100= 18455993\/80000000&#215;100= 23.07%<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ANDY MURRAY &amp; VARIANCES &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Andy Murray, born in May 1987, started playing tennis at 3yrs old and at 5yrs he started competing in tournaments and went pro in 2005. In 2006, he became British no. 1 tennis player and then world no. 1 tennis player in 2016. &#8230; <a class=\"read-more\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2020\/12\/andy-murray-and-variances\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-126","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Andy Murray and Variances - The Training Place Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2020\/12\/andy-murray-and-variances\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Andy Murray and Variances - The Training Place Blog\" \/>\n<meta property=\"og:description\" content=\"ANDY MURRAY &amp; VARIANCES &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Andy Murray, born in May 1987, started playing tennis at 3yrs old and at 5yrs he started competing in tournaments and went pro in 2005. In 2006, he became British no. 1 tennis player and then world no. 1 tennis player in 2016. ... 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