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An obstacle in implementation of the Merton model is that
Urns
Containers, often with a narrow neck and a rounded body, traditionally used for storing ashes of the deceased, but can also refer to a decorative or functional vessel.
Sample Points
Individual items or cases from a larger population used in a statistical sample for analysis.
Sample Space
The set of all possible outcomes or results in a probability experiment.
Mutually Exclusive
A statistical term describing events that cannot happen at the same time; each occurrence is independent and prevents any other from happening concurrently.
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