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How and to whom does an auditor communicate the audit results?
Full-Fare Ticket
A type of airline or travel ticket that has no restrictions and is often refundable, representing the highest fare category.
Expected Value
The long-run average value of repetitions of the experiment it represents, essentially a mean of a random variable in probability and statistics.
Probability
The quantification of the probability of an event happening, expressed as a numeric value ranging from 0 to 1.
Hurdle Rate
The minimum rate of return on an investment required by a manager or investor to proceed with the project.
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