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Number of possible choices (stats)

  1. Sep 3, 2013 #1
    1. The problem statement, all variables and given/known data
    An investor wants to purchase one investment among common stocks, preferred stocks and bonds of six industries located in several countries. The investor can use a full-service broker or a discount broker and can buy with cash or margin. If there are 288 possible choices, how many countries is the investor considering?


    2. Relevant equations



    3. The attempt at a solution
    Well there are 6 industries, each industries has a stock or bond to invest in. Then there are 2 broker choices and afterwards, 2 ways to pay.

    so i used this equation to solve for the amount of countries there were...

    X*6*2*2*2=288

    solved for X which came out to be 6 but it was wrong. Can anyone tell what factors I've missed?
     
  2. jcsd
  3. Sep 3, 2013 #2

    statdad

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    Homework Helper

    Are you distinguishing between common stocks and preferred stocks in your counting?
     
  4. Sep 3, 2013 #3
    O there we go thanks.
     
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