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Coupon collector's problem. In probability theory, the coupon collector's problem refers to mathematical analysis of "collect all coupons and win" contests. It asks the following question: if each box of a given product (e.g., breakfast cereals) contains a coupon, and there are n different types of coupons, what is the probability that more ...
Hidden bargains include top-notch $14 earbuds (they're 50% off!) and there's plenty more where that came from. Shop the deals only Amazon Prime members can score — starting at just $8 Skip to ...
Nexpure 1800W Professional Ionic Hairdryer. $30 $120 Save $90. In the world of hair dryers, the Dyson Supersonic is considered the gold standard. But it comes with a $430 price tag, putting it out ...
Two pair is a hand that contains two cards of one rank, two cards of another rank and one card of a third rank (the kicker), such as J ♥ J ♣ 4 ♣ 4 ♠ 9 ♥ ("two pair, jacks and fours" or "two pair, jacks over fours" or "jacks up").
Buy one, get one free. " Buy one, get one free " or " two for the price of one " is a common form of sales promotion. Economist Alex Tabarrok has argued that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion ...
The company then monitors which campaign has the higher success rate by analyzing the use of the promotional codes. The email using the code A1 has a 5% response rate (50 of the 1,000 people emailed used the code to buy a product), and the email using the code B1 has a 3% response rate (30 of the recipients used the code to buy a product). The ...
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