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BA2: Fundamentals of Management Accounting > Risk 2 - Probability > Flashcards

Risk 2 - Probability Flashcards

1
Q

Probabilities can be…

A

Exact - Can be applied to a population of outcomes.
Empirical - Calculated form past observations.
Subjective - Based on judgement.

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BA2: Fundamentals of Management Accounting (15 decks)

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