Determine different portfolios


Tom Doe, a small investor, wishes to buy stock in one of 10 utilities one of 15 oil companies, and one of 8 automobile manufactures.

(a) How many different portfolios could his stockbroker put together for him?

(b) How many could be put together if he wanted to buy six stocks, including exactly two of each type?

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Basic Statistics: Determine different portfolios
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