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ABC eliminates all arbitrary cost allocations.
Probability
A measure of the likelihood of an event occurring, ranging from 0 (impossibility) to 1 (certainty).
Disease
A condition that impairs normal bodily functions, often characterized by specific symptoms and signs, and may be caused by factors such as pathogens, genetics, or environmental elements.
Poisson Distribution
A statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.
Probability
A measure of the likelihood of a particular event or outcome occurring, expressed as a number between 0 and 1.
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