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__________ Compares the Number of Actual Class 1 Observations Identified

question 12

Multiple Choice

__________ compares the number of actual Class 1 observations identified if considered in decreasing order of their estimated probability if randomly classified.


Definitions:

Sales Returns and Allowances

A reduction in sales revenue due to the return of or allowances for unsatisfactory goods.

Revenue Account

An account that tracks the income a company generates from its business activities, excluding expenses.

Asset

A valuable economic entity held or overseen by an individual, business, or state, expected to bring about future advantage.

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