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To determine the number of different combinations of 3 artifacts from a collection of 7, we use the combination formula:
An entrepreneur is developing an AI tool that can analyze investment portfolios consisting of 4 different asset classes. The tool randomly selects 2 asset classes to evaluate performance. What is the probability that the tool selects both the stock and bond asset classes?
First, calculate the total number of ways to choose 2 asset classes out of 4:

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