Twenty-Four Students, of Whom Four Are Seniors, Are Selected as Semifinalists

question 62

Multiple Choice

Twenty-four students, of whom four are seniors, are selected as semifinalists for a literary award.Of the twenty-four students, twelve finalists will be selected.In how many ways can the twelve finalists contain two seniors?

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Definitions:

Real Interest Rate

The rate of interest an investor expects to receive after allowing for inflation, representing the true cost of borrowing and the true yield on investing.

Nominal Interest Rate

The interest rate before adjustments for inflation; the stated or face interest rate on a loan or investment.

Real Rate of Interest

Real Rate of Interest is the interest rate that has been adjusted to remove the effects of inflation, providing a more accurate measure of the cost of borrowing.