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Coupon. In marketing, a coupon is a ticket or document that can be redeemed for a financial discount or rebate when purchasing a product . Customarily, coupons are issued by manufacturers of consumer packaged goods [1] or by retailers, to be used in retail stores as a part of sales promotions. They are often widely distributed through mail ...
Jim Simons. James Harris Simons (April 25, 1938 – May 10, 2024) was an American hedge fund manager, mathematician, and philanthropist. [3] At the time of his death, Simons's net worth was estimated to be $31.4 billion, making him the 51st-richest person in the world. [3] He was the founder of Renaissance Technologies, a quantitative hedge ...
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 brand of cereals contains a coupon, and there are n different types of coupons, what is the probability that more than t boxes need to be ...
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