How many combinations of two highrisk stocks could you rando

How many combinations of two high-risk stocks could you randomly select from seven high-risk stocks?

What is the probability that you would obtain the two highest-returning stocks? (Round your answer to 4 decimal places.)

Solution

a)

There are 7C2 = 21 ways [answer]

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b)

There is only 1 way to get the two highest returning stocks.

Thus,

P(2 highest returning) = 1/21 or 0.047619048 = 0.0476 [ANSWER]