A Computer Randomly Prints Three-Digit Codes, with No Repeated Digits

question 115

Essay

A computer randomly prints three-digit codes, with no repeated digits in any code (for example, 387, 072, 760). What is the minimum number of codes that must be printed in order to guarantee that at least six of the codes are identical?

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Definitions:

Revenue Recognition

The accounting principle that dictates the specific conditions under which income is recognized by an entity.

Accrual Basis

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash transaction happens.

Revenue Recognition

The accounting principle that determines the specific conditions under which revenue is recognized and recorded in the financial statements.

Revaluation Surplus

An increase in the value of an asset that is reflected in the books of accounts, primarily through a revaluation process.