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How Are Contests and Sweepstakes Similar to One Another? Explain

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How are contests and sweepstakes similar to one another? Explain.


Definitions:

Portfolio

An assortment of financial assets such as shares, debts, natural resources, liquid cash, and near-cash items, encompassing mutual funds and Exchange-Traded Funds.

Joint Probability Distribution

A statistical measure that gives the probability of two or more events occurring simultaneously.

Mobile Phone Store

A retail outlet specializing in the sale of mobile phones and related accessories.

Diversification

A strategy of investing in a variety of assets to reduce overall risk.

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