CFA CFA Level 1 CFA Level 1 Question of the Week – Quantitative Methods

CFA Level 1 Question of the Week – Quantitative Methods

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  • Matt_AnalystPrep
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    A teacher wants to select groups of 3 students out of 15 for a group work. How many different groups of 3 are possible?

    • A. 455
    • B. 45
    • C. 225
    Matt_AnalystPrep
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    The correct answer is A.

    Counting problems involve determining the exact number of ways two or more operations or events can be performed together. This particular counting problem can be solved using a combination, which is basically a selection of some given items where the order does not matter. The formula is:

    nCr = n!/((n-r)!r!)

    Where
    n=15; and
    r=3

    nCr = 15!/((15-3)!*3!) = 455

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