Question: M.S. and Associates would like to design a mutual fund portfolio from 50 eligible Canadian equity funds. The portfolio must be made up of 4

M.S. and Associates would like to design a mutual fund portfolio from 50 eligible Canadian equity funds. The portfolio must be made up of 4 funds.
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?

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