M.S. and Associates would like to design a mutual fund portfolio from 50 eligible Canadian equity funds.
Question:
a. How many different portfolios are possible?
b. If the funds are selected at random (which we hope they are not), what is the probability of getting the 4 best performing Canadian equity funds?
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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