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Cathy takes five key clients to dinner and incurs the following costs: $320 limousine rental, $920 drinks and dinner, and $200 tips; assume that there were substantive business discussions during dinner. Several days after the function, Cathy mails each client a pen costing $25. In addition, Cathy pays $4 for gift wrapping and mailing each pen. Assuming adequate substantiation and a business justification, what is Cathy's deduction?
Total Probability Rule
A fundamental rule in probability theory that allows for the calculation of the total probability of an outcome by considering all possible ways that outcome can occur.
Law of Large Numbers
A statistical principle that states that as a sample size grows, its mean gets closer to the average of the whole population.
Blood Type
A method of classifying blood by examining the presence or lack of certain inherited antigenic substances on red blood cell exteriors.
Joint Frequency Distribution
A statistical representation showing the frequency of occurrences for combinations of two or more categories or variables.
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