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Number of possible choices (stats)

  • Thread starter maiad
  • Start date
  • #1
102
0

Homework Statement


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?


Homework Equations





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?
 

Answers and Replies

  • #2
statdad
Homework Helper
1,495
35
Are you distinguishing between common stocks and preferred stocks in your counting?
 
  • #3
102
0
O there we go thanks.
 

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