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31 May, 07:14

In how many ways can an

investor select four mutual funds

for his investment portfolio from

a recommended list of eight

mutual funds?

+2
Answers (1)
  1. 31 May, 09:26
    0
    You need the combinations formula:

    Combinations = n! / (r! * (n-r) !)

    where n = total # of choices (8) and r = # of choices (4)

    Combinations = 8 * 7 * 6 * 5 * 4! / (4! * 4 * 3 * 2 * 1)

    Combinations = 8 * 7 * 6 * 5 / 4 * 3 * 2 * 1

    Combinations = 7 * 2 * 5

    Combinations = 70
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