Quantitative Methods Q190

0. The number of ways in which three stocks can be sold from a total of 12 stocks, when the order in which the stocks are sold matters, is most likely:

  • Option : B
  • Explanation : Since the order in which the stocks are sold matters, use the permutation formula: Number of ways = n! / ( n - r )! = 12! / (12 - 3)! = 1320. You may also use the nPr function on the calculator. Note that r is the number of stocks to be selected and n is the total number of stocks.
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