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Rebate (marketing) In marketing, a rebate is a form of buying discount and is an amount paid by way of reduction, return, or refund that is paid retrospectively. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales. Rebates are also used as a means of enticing price-sensitive consumers into ...
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 ...
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Economics portal. Mathematics portal. v. t. e. Proportional representation (PR) refers to any type of electoral system under which subgroups of an electorate are reflected proportionately in the elected body. [1] The concept applies mainly to political divisions (political parties) among voters. The essence of such systems is that all votes ...
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