An Electronics Firm Sells Four Models of Stereo Receivers, Three

question 100

Multiple Choice

An electronics firm sells four models of stereo receivers, three CD decks, and six speaker brands. When the four types of components are sold together, they form a "system." How many different systems can the electronics firm offer?

• A) 36
• B) 18
• C) 72
• D) 144

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Definitions:

Long Bonds

Bonds with maturities typically longer than 10 years, often used to lock in interest rates.

Variance

A statistical measure that captures the dispersion of a set of data points around their mean, indicating how spread out the data is.

Probability Range

A span of values within which a random variable is expected to fall, governing the likelihood of different outcomes.

Risk Premium

The return in excess of the risk-free rate of return that investors demand for choosing a risky investment.