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Because bad debt losses are incurred to generate sales,they should be charged against the sales that they helped generate.
Marginal Probability
The probability of an event occurring, irrespective of the outcomes of other variables.
P(A or B)
The probability that at least one of two events A or B occurs.
Outcome
The result or consequence of an action, experiment, or situation.
Conditional Probability
The probability of one event occurring with some relationship to one or more other events.
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