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The salary, interest, and stated ratio method of allocation cannot be applied when a net loss has occurred.
Standard Deviation
An important measure in statistics that expresses the variability or spread of a dataset relative to its mean, indicating how spread out the data points are.
Random Variable
A variable representing numerical results from a stochastic process.
Random Experiment
An experiment or process in which all possible outcomes occur randomly with certain probabilities associated with each outcome.
Unbiased Coin
A coin for which the probability of landing on heads or tails is equal, implying fair outcomes.
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