Definitions (2) 1. A measure of the average distance between each of a set of data points and their mean value; equal to the sum of the squares of the deviation from the mean value. 2. In accounting, the difference between the actual cost and the standard cost for direct material, labor and overhead.
Whole-house remodels on homes less than 1,000 square feet generally cost about $18347, while it may cost $22417 to update a home of 1,000-2,000 sq. ft., $28904 for 2,000-3,000 sq. ft., and $36121 for homes between 3,000 and 4,000 sq. ft.
According to the same survey, the average cost of a complete bathroom renovation in 2013 was about $15,000. By some estimates, a complete renovation in 2015 will be around $15,500 to $16,000 on average. Since one bathroom renovation can cost under $10,000 and another over $50,000, the average can be deceptive.The best way to budget for your new bathroom is to make an estimate based on the size of your bathroom and the inclusions you want.y some estimates, a complete renovation in 2015 will be around $15,500 to $16,000 on average. Since one bathroom renovation can cost under $10,000 and another over $50,000, the average can be deceptive.