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Concept explainers
(a)
To calculate: The number of collections of stocks where you purchase a collection of 3 tech stocks and 2 non tech stocks from the table and the table represents closing prices of 12 stocks.
Tech Stock | Close | Change |
AAPL(Apple) | ||
ADBE(Adobe Systems) | ||
EBAY(eBay) | ||
MSFT(Microsoft) | ||
S(sprint) | ||
WIFI(Bingo Wireless) | ||
Non-Tech Stocks | ||
ANF(Abercrombie& Fitch) | ||
B(Boeing) | ||
F(Ford Motor Co.) | ||
GE(General Electric) | ||
GIS(General MIls) | ||
JNJ(Johnson & Johnson) |
(b)
To calculate: The number of collections entirely of stocks that declined in value where you purchase a collection of 3 tech stocks and 2 non tech stocks from the table and the table represents closing prices of 12 stocks.
Tech Stock | Close | Change |
AAPL(Apple) | ||
ADBE(Adobe Systems) | ||
EBAY(eBay) | ||
MSFT(Microsoft) | ||
S(sprint) | ||
WIFI(Bingo Wireless) | ||
Non-Tech Stocks | ||
ANF(Abercrombie& Fitch) | ||
B(Boeing) | ||
F(Ford Motor Co.) | ||
GE(General Electric) | ||
GIS(General MIls) | ||
JNJ(Johnson & Johnson) |
(c)
To calculate: The chance of choosing a collection consisting entirely of stocks that declined in value that day where you purchase a collection of 3 tech stocks and 2 non tech stocks from the table and the table represents closing prices of 12 stocks.
Tech Stock | Close | Change |
AAPL(Apple) | ||
ADBE(Adobe Systems) | ||
EBAY(eBay) | ||
MSFT(Microsoft) | ||
S(sprint) | ||
WIFI(Bingo Wireless) | ||
Non-Tech Stocks | ||
ANF(Abercrombie& Fitch) | ||
B(Boeing) | ||
F(Ford Motor Co.) | ||
GE(General Electric) | ||
GIS(General MIls) | ||
JNJ(Johnson & Johnson) |
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Chapter 6 Solutions
Bundle: Finite Mathematics, Loose-leaf Version, 7th + WebAssign Printed Access Card for Waner/Costenoble's Finite Mathematics, 7th Edition, Single-Term
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