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The primary reason that financial accounting and managerial accounting have somewhat different objectives is because they
Weekly Income
The total amount of money earned by an individual or household in one week.
Poisson Approximation
A statistical approximation method that applies the Poisson distribution to model the number of events in fixed intervals of time or space under certain conditions.
Probability
The statistical likelihood that a specific event will take place, calculated as a fraction or a percentage between 0% (never happening) and 100% (always happening).
Normal Model
A statistical model, also called the normal distribution, that describes how continuous data is distributed, shaped like a symmetric bell curve.
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