SOLUTION: Companies whose stocks are listed on the NASDAQ stock exchange have their company name represented by either four or five letters (repetition of letters is allowed). What is the m

Algebra ->  Probability-and-statistics -> SOLUTION: Companies whose stocks are listed on the NASDAQ stock exchange have their company name represented by either four or five letters (repetition of letters is allowed). What is the m      Log On


   



Question 1101230: Companies whose stocks are listed on the NASDAQ stock exchange have their company name
represented by either four or five letters (repetition of letters is allowed). What is the maximum
number of companies that can be listed on the NASDAQ?

Answer by ikleyn(52880) About Me  (Show Source):
You can put this solution on YOUR website!
.
The number of 4-letter words written in English alphabet (26 letters) is 26%5E4.


The number of 5-letter words                                          is 26%5E5.


In all, the maximum number of companies that can be listed in this way is


26%5E4 + 26%5E5 = 456976 + 11881376 = 12338352.