You wish to create a compact portfolio of 11 different stocks. To improve diversification, you want to enforce a good variety of industries, so you have decided on the following selection:
| Industry |
Number of companies |
| Consumer goods |
3 |
| Healthcare |
2 |
| Manufacturing |
the rest |
You are making your selection from the top 10 U.S. companies by market capitalization, in each of your target industries. How many different ways can you create your portfolio?