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Without some correction,sample variability is said to be "biased." Define the term biased,and explain how this bias is corrected in the formula for sample variance.
Net Income
The total earnings of a company after subtracting all expenses, taxes, and costs from total revenue.
Total Assets
The sum of all assets owned by a company, including both current and long-term assets.
Planning Horizon
The timeframe over which future projections or strategic plans are made and considered.
Financial Planning
The process of creating strategies for managing financial affairs to meet life goals, including budgeting, investing, and saving for the future.
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