Your broker has suggested that you diversify your investments by splitting your portfolio among mutual funds, municipal bond funds, stocks, and precious metals. She suggests three good mutual funds, four municipal bond funds, five stocks and three precious metals (gold, silver and platinum). 1) Assuming your portfolio is to contain one of each type of investment, how many portfolios are possible? 2) Assuming your portfolio is two contain rwo mutual funds, three municipal bond funds, one stock, and two precious metals, how many different portfolios are possible?

Your broker has suggested that you diversify your investments by splitting your portfolio among mutual funds, municipal bond funds, stocks, and precious metals. She suggests three good mutual funds, four municipal bond funds, five stocks and three precious metals (gold, silver and platinum). 1) Assuming your portfolio is to contain one of each type of investment, how many portfolios are possible? 2) Assuming your portfolio is two contain rwo mutual funds, three municipal bond funds, one stock, and two precious metals, how many different portfolios are possible?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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