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An equity analyst needs to select 3 stocks for the upcoming

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VP
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An equity analyst needs to select 3 stocks for the upcoming [#permalink] New post 31 Jan 2008, 22:06
An equity analyst needs to select 3 stocks for the upcoming year and rank these securities in terms of their investment potential. If the analyst has narrowed down the list of potential stocks to 7, in how many ways can she choose and rank her top 3 picks?

21
35
210
420
840
Director
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Re: perms securities ranking [#permalink] New post 01 Feb 2008, 10:18
Concur.

7*6*5*4*3*2*1
-----------------
1-2-3-N-N-N-N

(7*6*5*4*3*2*1)/4!
CEO
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Re: perms securities ranking [#permalink] New post 01 Feb 2008, 13:44
marcodonzelli wrote:
An equity analyst needs to select 3 stocks for the upcoming year and rank these securities in terms of their investment potential. If the analyst has narrowed down the list of potential stocks to 7, in how many ways can she choose and rank her top 3 picks?

21
35
210
420
840


7!/4! --> 210 b/c lets say we have stocks ABC CBA is a different order. thus order does matter and we have to count this scenario
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Re: perms securities ranking [#permalink] New post 02 Feb 2008, 04:57
incognito1 wrote:
C
7P4 = 210


Typo I believe - unless you are arranging bottom 4

7P3 = 210, Or
7*6*5 = 210
Re: perms securities ranking   [#permalink] 02 Feb 2008, 04:57
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