A Class Consists of 20 Sophomores and 15 Freshmen

question 63

Short Answer

A class consists of 20 sophomores and 15 freshmen. The class needs to form a committee of size five. (a) How many committees are possible? (b) How many committees are possible if the committee must have three sophomores and two freshmen?

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Definitions:

Fixed-Rate Mortgage

A mortgage with an interest rate that remains constant throughout the life of the loan.

Acceleration Clause

A contract provision that allows a lender to require a borrower to repay all of an outstanding loan if certain agreed upon conditions are not met.

Market Value

The price at which an asset would trade in a competitive auction setting, reflecting what a willing buyer would pay a willing seller.

Mortgage

A loan in which property or real estate is used as collateral. The borrower agrees to pay back the loan, with interest, over a set period of time.