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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 ...
Luxottica Group S.p.A. is an Italian eyewear conglomerate based in Milan. As a vertically integrated company, Luxottica designs, manufactures, distributes, and retails its eyewear brands all through its own subsidiaries. The company, presently organized as a subsidiary of EssilorLuxottica which formed when the Italian conglomerate merged with ...
The 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, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
As of June 30, nearly half a million 401(k) accounts (497,000) had balances of $1 million or more, up 2.5% from the prior quarter. The average balance hit $1,595,200, up from $1,581,000 at the end ...
The Malaysian Chinese Association (MCA; Chinese: 马来西亚华人公会; Malay: Persatuan Cina Malaysia; Tamil: மலேசிய சீனர் சங்கம், initially known as the Malayan Chinese Association) is an ethnic political party in Malaysia that seeks to represent the Malaysian Chinese ethnicity; it was one of the three original major component parties of the coalition ...
In terms of production of highly cited papers, 1.7% of all Iranian papers in mathematics and 1.3% of papers in engineering fields attained highly cited status defined as most cited top 1% of world's publications, exceeding the world's average in citation impact for those fields. Overall Iran produces 0.48% of the world's highly cited output in ...