Concept explainers
Stock Portfolios As a financial planner, you are asked to select one stock each from the following groups: 8 Dow Jones stocks, 15 NASDAQ stocks, and 4 global stocks. How many different portfolios are possible?
To find: How many different portfolios are possible.
Answer to Problem 33AYU
480
Explanation of Solution
Given:
As a financial planner, you are asked to select one stock each from the following groups: 8 Dow Jones stocks, 15 NASDAQ stocks, and 4 global stocks.
Formula used:
If a task consists of a sequence of choices in which there are selections for the first choice, selections for the second choice, selections for the third choice, and so on, the task of making these selections can be done in ... different ways.
Calculation:
Number of choices for Dow Jones stocks .
Number of choices for NASDAQ stocks .
Number of choices for Global stocks .
Number of different possible portfolios .
Chapter 13 Solutions
Precalculus Enhanced with Graphing Utilities
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University Calculus: Early Transcendentals (3rd Edition)
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