In a survey of 120 tech entrepreneurs at an innovation hub, 65 secured Angel Investment (A… — JAMB UTME

In a survey of $120$ tech entrepreneurs at an innovation hub, $65$ secured Angel Investment ( $A$ ), $55$ received Venture Capital ( $V$ ), and $50$ obtained Government Grants ( $G$ ). Furthermore, $25$ received both $A$ and $V$ , $20$ received both $V$ and $G$ , $22$ received both $A$ and $G$ , while $12$ received no funding from any of these three sources. How many entrepreneurs secured funding from exactly two of these sources?

Answer: 52 entrepreneurs

Answer

The number of entrepreneurs who secured funding from exactly two sources is 52.

Subtracting the

12

unfunded entrepreneurs from the total

120

yields

108

funded entrepreneurs. Applying inclusion-exclusion gives

108 = 65 + 55 + 50 - (25 + 20 + 22) + n(A \cap V \cap G)

, which gives

n(A \cap V \cap G) = 5

. Subtracting

5

from each pairwise intersection yields

20

15

, and

17

for entrepreneurs receiving funding from exactly two sources. Summing these gives

52

Step-by-Step Solution

Determine the cardinality of the union of all three funding sets

n(A \cup V \cup G) = 108

Subtracting the 12 unfunded entrepreneurs from the universal set of 120 gives the total number of entrepreneurs who received at least one form of funding.

Solve for the number of entrepreneurs who received funding from all three sources using inclusion-exclusion

n(A \cap V \cap G) = 5

Using

n(A \cup V \cup G) = n(A) + n(V) + n(G) - n(A \cap V) - n(V \cap G) - n(A \cap G) + n(A \cap V \cap G)

, we get

108 = 65 + 55 + 50 - 25 - 20 - 22 + x

, which simplifies to

108 = 103 + x

, giving

x = 5

Calculate the count for each region representing exactly two funding sources

Only

A \cap V = 20

, Only

V \cap G = 15

, Only

A \cap G = 17

Subtracting the 3-set intersection (

x = 5

) from each pairwise intersection isolates the elements belonging to strictly two sets.

Sum the three strictly two-set regions

20 + 15 + 17 = 52

Adding the individual counts for the three disjoint regions gives the total number of entrepreneurs who received funding from exactly two sources.

Key Concept

Principle of Inclusion-Exclusion for three sets and cardinal partitioning of Venn diagrams

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