Employee Health Care Plans A new employee has a choice of 5 health care plans. 3 retirement plans, and 2 different expense accounts. If a person selects 1 of each option, how many different options does he or she have? (4–4)

Answer

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(a)

A new employee has choice of 5 health care plans. 3 retirement plans, and 2 different expense accounts.

If a person selects 1 of each option, how many different options does he or she have.

Using combinations theorem,

The number of ways he or she can select 1 health care plan out of 5 health care plans is,

The number of ways he or she can select 1 retirement plan out of 3 retirement plans is,

The...