Question

You decide to make a small portfolio consisting of a collection of 6 of the top 10 dogs of the dow. What is the total number of possible portfolios you can create?

Answer 1

To find the total number of possible portfolios you can create, you need to use the combination formula. In this case, the total number of possible portfolios is 210.

Step-by-step explanation:

To find the total number of possible portfolios you can create, you need to understand the concept of combination. We can use the formula for combination which is:

nCr = n! / (r! * (n-r)!)

In this case, you want to choose 6 out of the top 10 dogs of the dow. So, n = 10 and r = 6. Plugging these values into the formula:

10C6 = 10! / (6! * (10-6)!) = 10! / (6! * 4!) = (10 * 9 * 8 * 7) / (4 * 3 * 2 * 1) = 210

Therefore, the total number of possible portfolios you can create is 210.