A team of accounting students is working on a case where they are required to assess a set of information to determine a$$ company's allowance for bad debts. The students have many pieces of information to$$ analyze, including:

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Below is part of the discussion at their first team meeting.$$

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Part $1$

Requirement

Analyze the discussion and determine the type of cognitive bias most consistent with the statements made by each$$ student, providing an explanation for your answer.

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Part $1$

Student

Cognitive Bias

Explanation

Tom

$$

Jennifer

Jake

Marina