Solve the Problem. -In a Power Ball Lottery, 5 Numbers Between 1 and Between

question 91

Multiple Choice

Solve the problem.
-In a Power Ball lottery, 5 numbers between 1 and 12 inclusive are drawn. These are the winning numbers. How many different selections are possible? Assume that the order in which the numbers are drawn is not important.

• A) 248,832
• B) 792
• C) 95,040
• D) 120

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Definitions:

Nonsystematic Risk

Nonmarket or firm-specific risk factors that can be eliminated by diversification. Also called unique risk, firm-specific risk, or diversifiable risk. Systematic risk refers to risk factors common to the entire economy.

Diversifiable Risk

Nonmarket or firm-specific risk factors that can be eliminated by diversification. Also called unique risk, firm-specific risk, or nonsystematic risk. Nondiversifiable risk refers to systematic or market risk.

Market Risk

Also known as systemic risk, it's the potential for investors to experience losses due to factors that affect the overall performance of the financial markets.

Unique Risk

Referred to as unsystematic risk, it denotes the risk linked to a particular company or sector.