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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 ...
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 ...
Instead, the IRL used its own simple points scoring system for all races, regardless of their distance. The first 33 ranks in race got points, starting with 2 points for position 33. Between the winner and the second place was a 2-point gap, between all other ranks a 1-point gap.
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Point system (driving) Many countries have adopted a penalty point or demerit point system under which a person’s driving license is revoked or suspended based on the number of points they’ve accumulated over a specific period of time. Points are given for traffic offenses or infringements committed by them in that period.
To calculate the simple interest for this example, you’d multiply the principal ($5,000) by the annual percentage rate (5 percent) by the number of years (five): $5,000 x 0.05 x 5 = $1,250.
t. e. In the United States, academic grading commonly takes on the form of five, six or seven letter grades. Traditionally, the grades are A+, A, A−, B+, B, B−, C+, C, C−, D+, D, D− and F, with A+ being the highest and F being lowest. In some cases, grades can also be numerical. Numeric-to-letter-grade conversions generally vary from ...
“It’s really selfish in a way. … there’s a lot of friends I’ve cut off,” he said. “But you have to do that to. And you’ll always get people saying: ‘Oh, he’s forgot about this.
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