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In this format, there is risk to the organizer if insufficient tickets are sold. More commonly, the prize fund will be a fixed percentage of the receipts. A popular form of this is the "50–50" draw, where the organizers promise that the prize will be 50% of the revenue.
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As the story unfolds, Vikram realises that he lacks the funds to purchase a ticket, and approaches the teacher with the suggestion that they pool their funds and buy a ticket together. The teacher and Vikram each raise five rupees to buy the ticket, agreeing to divide the winnings, much to the dismay of Vikram's family who is suspicious of the ...
If this happens the other RAC ticket holder can then convert the 2 seats into a berth. [3] Generally, RAC/WL tickets will have two numbers - RAC8/RAC2, WL20/WL15, WL12/RAC2, etc. The first number shows the status of the ticket at the time of booking. The second number after the slash (/) shows the current status of the ticket.
There are 2 out of 15 chances in favour of blue, 13 out of 15 against blue. In probability theory and statistics , where the variable p is the probability in favor of a binary event, and the probability against the event is therefore 1- p , "the odds" of the event are the quotient of the two, or p 1 − p {\displaystyle {\frac {p}{1-p}}} .
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An airline ticket is a document or electronic record, issued by an airline or a travel agency, that confirms that an individual is entitled to a seat on a flight on an aircraft. The airline ticket may be one of two types: a paper ticket, which comprises coupons or vouchers; and an electronic ticket (commonly referred to as an e-ticket).