Stocks on the NASDAQ Companies whose stocks are listed on the NASDAQ stock exchange have their company name represented by either 4 or 5 letters (repetition of letters is allowed). What is the maximum number of companies that can be listed on the NASDAQ?
Stocks on the NASDAQ Companies whose stocks are listed on the NASDAQ stock exchange have their company name represented by either 4 or 5 letters (repetition of letters is allowed). What is the maximum number of companies that can be listed on the NASDAQ?
Solution Summary: The author explains that companies whose stocks are listed on the NASDAQ stock exchange have their company name represented by 4 or 5 letters (repetition of letters is allowed).
Stocks on the NASDAQ Companies whose stocks are listed on the NASDAQ stock exchange have their company name represented by either 4 or 5 letters (repetition of letters is allowed). What is the maximum number of companies that can be listed on the NASDAQ?
Expert Solution & Answer
To determine
To find: What is the maximum number of companies that can be listed on the NASDAQ?
Answer to Problem 40AYU
12338352
Explanation of Solution
Given:
Companies whose stocks are listed on the NASDAQ stock exchange have their company name represented by either 4 or 5 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 four letter names .
Number of choices for the five letter names .
Hence, there are maximum number of companies that can be listed on the NASDAQ.
University Calculus: Early Transcendentals (4th Edition)
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