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Stardust Ranch – In 1999 the City Council voted 3–2 to shut down the Stardust but Mayor Robert Miller overturned this decision because of the economic benefits the brothel brought to the city. Big 4 Ranch – One of the oldest brothels in Nevada, it was built in the late 1880s and opened as Rainey's dance hall. In 1939 it became a brothel ...
In probability theory, the birthday problem asks for the probability that, in a set of n randomly chosen people, at least two will share a birthday. The birthday paradox refers to the counterintuitive fact that only 23 people are needed for that probability to exceed 50%. The birthday paradox is a veridical paradox: it seems wrong at first ...
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The discount rate was cut by 50 bp—to 5.75% from 6.25%—and the term of loans was extended from overnight to up to thirty days. That reduced the spread of the primary credit rate over the federal funds rate from 100 basis points to 50 basis points.