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Psychological pricing is a strategy based on the theory that certain prices have a psychological impact on consumers. It involves expressing prices as just-below numbers, such as $19.99 or £2.98, to create the perception of a lower price.
Learn about the mathematical analysis of "collect all coupons and win" contests, also known as the cereal box problem. Find the expected number of trials, the limit distribution, and the generalizations of the problem.
Alcohol by volume (ABV) is a standard measure of how much alcohol is contained in a given volume of an alcoholic beverage. Learn how ABV is defined, measured, and affected by mixing, and see typical levels of ABV for different drinks.
A basis point (bp) is one hundredth of 1 percentage point, often used to measure changes in interest rates or spreads. Learn how to use bp in financial contexts, contrast with pips and permyriad, and see related units and symbols.
Learn about the history and evolution of Burger King's menu, from hamburgers and fries to salads and breakfast. Find out how the company differentiated itself from competitors with products like the Whopper, the specialty sandwiches, and the flame-broiled cooking.
Learn about the history, features, and uses of the U.S. dollar, the official currency of the United States and several other countries. Find out how the dollar is linked to gold, inflation, and international transactions.
Learn about the history, mathematics, and usage of 1, the first and smallest positive integer. Find out why 1 is not a prime number, how it represents the unit of measurement, and what it means in different languages and cultures.
Sodium hydroxide, also known as lye, is a caustic substance with many industrial and household applications. It is produced by the electrolysis of brine and has various names, identifiers, and chemical formulas depending on its concentration and purity.
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