Table of contents
- 1. Introduction to Statistics53m
- 2. Describing Data with Tables and Graphs2h 1m
- 3. Describing Data Numerically1h 48m
- 4. Probability2h 26m
- 5. Binomial Distribution & Discrete Random Variables2h 55m
- 6. Normal Distribution & Continuous Random Variables1h 48m
- 7. Sampling Distributions & Confidence Intervals: Mean1h 17m
- 8. Sampling Distributions & Confidence Intervals: Proportion1h 20m
- 9. Hypothesis Testing for One Sample1h 8m
- 10. Hypothesis Testing for Two Samples2h 8m
- 11. Correlation48m
- 12. Regression1h 4m
- 13. Chi-Square Tests & Goodness of Fit1h 30m
- 14. ANOVA1h 4m
4. Probability
Fundamental Counting Principle
Struggling with Statistics for Business?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
How many options are there for license plates with any three letters (A-Z) followed by any 3 numbers (0-9)?
A
260
B
2340
C
11,232,000
D
17,576,000

1
First, determine the number of possible combinations for the letters. Since there are 26 letters in the alphabet (A-Z), and the license plate requires three letters, calculate the number of combinations by raising 26 to the power of 3.
Use the formula for combinations: \( 26^3 \). This represents the total number of ways to arrange three letters.
Next, determine the number of possible combinations for the numbers. Since there are 10 digits (0-9), and the license plate requires three numbers, calculate the number of combinations by raising 10 to the power of 3.
Use the formula for combinations: \( 10^3 \). This represents the total number of ways to arrange three numbers.
Finally, multiply the number of combinations for the letters by the number of combinations for the numbers to find the total number of possible license plates: \( 26^3 \times 10^3 \).
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