How Do You Calculate the Number of Microstates in Money Distribution?

[toreil]

I am studying for a statistical physics exam and have been struggling with the statistic parts, especially calculating the number of microstates. I am starting to understand most questions but have no clue how to handle this one.

Homework Statement

We distribute a total of E dollars among a population of N people. The rules are that each person can get a max of 1 dollar and that E < N, find the number of ways this can be done.

Homework Equations

?

The Attempt at a Solution

W = $\frac{\left(E\times100\right)!}{100!\left(\left(E-1\right)\times100\right)!}\times p_{e}$ where $p_{e} = \frac{E}{N}$ the average value received by each person

 

[awkward]

OK, so each person either does or does not get a dollar, and there are E dollars total.

Hmmm... so isn't this exactly the same as selecting a subset of size E from the N people?

 

[toreil]

As far as I'm aware because the question states that each person gets a maximum of 1 dollar the actual amount of money each person receives is counted in cents rather than dollars.

 

[awkward]

To me, "We distribute a total of E dollars" sounds like the unit of distribution is a dollar. But other interpretations are certainly possible.

 

[Ray Vickson]

As far as I'm aware because the question states that each person gets a maximum of 1 dollar the actual amount of money each person receives is counted in cents rather than dollars.

This would correspond to an unphysical situation in which Money is neither Bose-Einstein (person can have any number of dollars) or Fermi-Dirac (person can have either 1 dollar or none). Of course, money IS unphysical, so maybe the 100 cents interpretation is OK.

RGV