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Section exercises

Verbal

For the following exercises, assume that there are n ways an event A can happen, m ways an event B can happen, and that A  and  B are non-overlapping.

Use the Addition Principle of counting to explain how many ways event A  or  B can occur.

There are m + n ways for either event A or event B to occur.

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Use the Multiplication Principle of counting to explain how many ways event A  and  B can occur.

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Answer the following questions.

When given two separate events, how do we know whether to apply the Addition Principle or the Multiplication Principle when calculating possible outcomes? What conjunctions may help to determine which operations to use?

The addition principle is applied when determining the total possible of outcomes of either event occurring. The multiplication principle is applied when determining the total possible outcomes of both events occurring. The word “or” usually implies an addition problem. The word “and” usually implies a multiplication problem.

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Describe how the permutation of n objects differs from the permutation of choosing r objects from a set of n objects. Include how each is calculated.

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What is the term for the arrangement that selects r objects from a set of n objects when the order of the r objects is not important? What is the formula for calculating the number of possible outcomes for this type of arrangement?

A combination; C ( n , r ) = n ! ( n r ) ! r !

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Numeric

For the following exercises, determine whether to use the Addition Principle or the Multiplication Principle. Then perform the calculations.

Let the set A = { 5 , 3 , 1 , 2 , 3 , 4 , 5 , 6 } . How many ways are there to choose a negative or an even number from A?

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Let the set B = { 23 , 16 , 7 , 2 , 20 , 36 , 48 , 72 } . How many ways are there to choose a positive or an odd number from A ?

4 + 2 = 6

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How many ways are there to pick a red ace or a club from a standard card playing deck?

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How many ways are there to pick a paint color from 5 shades of green, 4 shades of blue, or 7 shades of yellow?

5 + 4 + 7 = 16

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How many outcomes are possible from tossing a pair of coins?

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How many outcomes are possible from tossing a coin and rolling a 6-sided die?

2 × 6 = 12

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How many two-letter strings—the first letter from A and the second letter from B can be formed from the sets A = { b , c , d } and B = { a , e , i , o , u } ?

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How many ways are there to construct a string of 3 digits if numbers can be repeated?

10 3 = 1000

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How many ways are there to construct a string of 3 digits if numbers cannot be repeated?

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For the following exercises, compute the value of the expression.

P ( 5 , 2 )

P ( 5 , 2 ) = 20

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P ( 3 , 3 )

P ( 3 , 3 ) = 6

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P ( 11 , 5 )

P ( 11 , 5 ) = 55 , 440

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C ( 12 , 4 )

C ( 12 , 4 ) = 495

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C ( 7 , 6 )

C ( 7 , 6 ) = 7

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For the following exercises, find the number of subsets in each given set.

{ 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 }

2 10 = 1024

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{ a , b , c , , z }

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A set containing 5 distinct numbers, 4 distinct letters, and 3 distinct symbols

2 12 = 4096

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The set of even numbers from 2 to 28

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The set of two-digit numbers between 1 and 100 containing the digit 0

2 9 = 512

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For the following exercises, find the distinct number of arrangements.

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Practice Key Terms 5

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Source:  OpenStax, Precalculus. OpenStax CNX. Jan 19, 2016 Download for free at https://legacy.cnx.org/content/col11667/1.6
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