In: Finance
1. (a) Suppose that, from 12 students, we want to take a committee of students. How many committees consisting of 4 students can be selected? How many committees consisting of 6 students can be selected?
(b) Suppose we want to select 3 out of 12 students and give them the first and second and third places. Determine the number of possible selections?
Answer a.
Committee of 4 students has to be formed out of 12 students:
Number of ways in which 4 students can be choose from 12
students = 12C4
Number of ways in which 4 students can be choose from 12 students =
(12 * 11 * 10 * 9) / (4 * 3 * 2 * 1)
Number of ways in which 4 students can be choose from 12 students =
11 * 5 * 9
Number of ways in which 4 students can be choose from 12 students =
495
Committee of 6 students has to be formed out of 12 students:
Number of ways in which 6 students can be choose from 12
students = 12C6
Number of ways in which 6 students can be choose from 12 students =
(12 * 11 * 10 * 9 * 8 * 7) / (6 * 5 * 4 * 3 * 2 * 1)
Number of ways in which 6 students can be choose from 12 students =
924
Answer b.
1st Place:
Number of ways in which 1st place is allotted out of
12 students = 12
Number of ways in which 2nd place is allotted out of
remaining 11 students = 11
Number of ways in which 3rd place is allotted out of
remaining 10 students = 10
Total Ways in which 1st, 2nd and
3rd place can be allotted = 12 * 11 * 10
Total Ways in which 1st, 2nd and
3rd place can be allotted = 1320