Stocks on the NYSE Companies whose stocks are listed on the New York Stock Exchange (NYSE) have their company name represented by 1, 2, or 3 letters (repetition of letters is allowed). What is the maximum number of companies that can be listed on the NYSE?
Stocks on the NYSE Companies whose stocks are listed on the New York Stock Exchange (NYSE) have their company name represented by 1, 2, or 3 letters (repetition of letters is allowed). What is the maximum number of companies that can be listed on the NYSE?
Solution Summary: The author calculates the maximum number of companies that can be listed on the New York Stock Exchange (NYSE).
Stocks on the NYSE Companies whose stocks are listed on the New York Stock Exchange (NYSE) have their company name represented by 1, 2, or 3 letters (repetition of letters is allowed). What is the maximum number of companies that can be listed on the NYSE?
Expert Solution & Answer
To determine
To find: What is the maximum number of companies that can be listed on the NYSE?
Answer to Problem 39AYU
18,278
Explanation of Solution
Given:
Companies whose stocks are listed on the New York Stock Exchange (NYSE) have their company name represented by 1, 2, or 3 letters (repetition of letters is allowed).
Calculation:
Letters to be used for the names are A-Z (26) where repetition of letter is allowed.
Number of choices for the single letter names .
Number of choices for the two letter names .
Number of choices for the three letter names .
Hence, there are maximum number of companies that can be listed on the NYSE.
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Solve ANY Optimization Problem in 5 Steps w/ Examples. What are they and How do you solve them?; Author: Ace Tutors;https://www.youtube.com/watch?v=BfOSKc_sncg;License: Standard YouTube License, CC-BY
Types of solution in LPP|Basic|Multiple solution|Unbounded|Infeasible|GTU|Special case of LP problem; Author: Mechanical Engineering Management;https://www.youtube.com/watch?v=F-D2WICq8Sk;License: Standard YouTube License, CC-BY