An equity analyst needs to select 4 stocks for the upcoming year and rank these securities in terms of their investment potential. If the analyst has narrowed down the list of potential stocks to 8, in how many ways can she choose and rank her top 4 picks?
Options:
(A) 1200
(B) 1680
(C) 2102
(D) 4020
(E) 1840 Now, let's think a bit. Some random thoughts:
Number of ways of choosing 4 stocks = 8C4
Number of ways of ranking the chosen stocks = 4!
Hence total ways of chosing and ranking = 8C4 * 4! = 1680
The final answer: (B).