In South Africa the national lottery is run weekly. In this lottery the purchaser of a ticket
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Question:
In South Africa the national lottery is run weekly. In this lottery the purchaser of a ticket selects six different numbers from 1 to 50 inclusive. If those same six numbers are then drawn randomly from a hat on live television, the ticket holder wins a share of a large cash sum equal in value to the total ticket sales.
Explain whether the South African market for lottery tickets is weak form efficient.
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