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Allowance for Bad Debts is an example of a(n)
Objects
Objects are instances of classes or types in programming, representing data with attributes and methods, or in a broader sense, physical entities that exist in the real world.
Classical Method
A method of assigning probabilities that is appropriate when all the experimental outcomes are equally likely.
Probabilities
The likelihood or chance of an event occurring, typically expressed as a number between 0 and 1, where 0 means the event cannot occur and 1 indicates certainty.
Outcomes
The results obtained from an action, experiment, or event, which can vary based on the conditions and processes involved.
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