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Types of Sets:
1. Finite Set- A set containing finite number of elements or no element.
2. Cardinal Number of a Finite Set- The number of elements in a given finite set is called cardinal number of finite set, denoted by n (A).
3. Infinite Set- A set containing infinite number of elements.
4. Empty/Null/Void Set- A set containing no element, it is denoted by (φ) or { }.
5. Singleton Set- A set containing a single element.
6. Equal Sets- Two sets A and B are said to be equal, if every element of A is a member of B and every element of B is a member of A and we write A = B.
7. Equivalent Sets- Two sets are said to be equivalent, if they have same number of elements. If n(A) = n(B), then A and B are equivalent sets. But converse is not true.
8. Subset and Superset- Let A and B be two sets. If every element of A is an element of B, then A is called subset of B and B is called superset of A. Written as A ⊆ B or B ⊇ A.
9. Proper Subset- If A is a subset of B and A ≠ B, then A is called proper subset of B and we write A ⊂ B.
10.Universal Set (U)- A set consisting of all possible elements which occurs under consideration is called a universal set.
11.Comparable Sets- Two sets A and Bare comparable, if A ⊆ B or B ⊆ A.
12.Non-Comparable Sets- For two sets A and B, if neither A ⊆ B nor B ⊆ A, then A and B are called non-comparable sets.
13.Power Set (P)- The set formed by all the subsets of a given set A, is called power set of A, denoted by P(A).
14.Disjoint Sets- Two sets A and B are called disjoint, if, A ∩ B = (φ).

Subset of a Set:
A set A is said to be a subset of the set B if each element of the set A is also the element of the set B. The symbol used is ‘⊆’ i.e.A ⊆ B ↔ ≤ x ∈A⇒ x ∈ B).

Types of Sets - Commerce

Each set is a subset of its own set. Also a void set is a subset of any set. If there is at least one element in B which does not belong to the set A, then A is a proper subset of set B and is denoted as A ⊂ B. e.g If A = {a, b, c, d} and B = {b, c, d}. Then B⊂A or equivalently A⊃B ≤ i.e A is a super set of B). Total number of subsets of a finite set containing n elements is 2n.

Equality of Two Sets:
Sets A and B are said to be equal if A⊆B and B⊆A; we write A = B.

Some More Results Regarding the Order of Finite Sets:
Let A, B and C be finite sets and U be the finite universal set, then
i) n ≤ (A ∪ B) = n ≤ (A) + n ≤ B) – n ≤ (A ∩ B)
ii) If A and B are disjoint, then n ≤ (A ∪ B) = n ≤ (A) + n ≤ B)
iii) n ≤ A –B) = n ≤ (A) – n ≤ (A ∩ B) i.e. n ≤ (A) = n ≤ A – B) + n ≤ (A ∩ B)
iv) n ≤ A ∪ B ∪ C) = n ≤ (A) + n ≤ B) + n ≤ C) – n ≤ (A ∩ B) – n ≤ B ∩ C) – n ≤ A ∩ C) + n ≤ A ∩ B ∩ C)
v) n ≤ set of elements which are in exactly two of the sets A, B, C) = n ≤ A ∩B)+n ≤ B ∩ C) + n ≤ C ∩ (A) –3n≤ A ∩ B ∩ C)
vi) n≤ set of elements which are in atleast two of the sets (A, B, C) = n ≤ (A ∩ B) + n ≤ (A ∩ C) + n ≤ (B ∩ C) –2n≤ (A ∩ B ∩ C)
vii) n ≤ set of elements which are in exactly one of the sets (A, B, C)   = n ≤ (A) + n ≤ (B) + n ≤ (C) – 2n ≤ (A ∩ B) – 2n ≤ (B ∩ C) – 2n ≤ (A ∩ C) + 3n ≤( A ∩ B ∩ C)

Disjoint Sets:
If two sets A and B have no common elements i.e. if no element of A is in B and no element of B is in A, then A and B are said to be Disjoint Sets. Hence for Disjoint Sets A and B n ≤ (A ∩ B) = 0.

Types of Sets - Commerce

Fig: Disjoint Sets


Illustration -:  If A and B be two sets containing 3 and 6 element respectively, what can be the minimum number of elements in A  B? Find also, the maximum number of elements in A  B.
Solution: We have, n ≤ (A ∪ B) = n≤ (A) + n≤ (B)  – n≤ (A ∩ B)

This shows that n ≤ (A ∪ B) is minimum or maximum according as

n ≤ (A ∩ B) is maximum or minimum respectively.
Case 1: When n ≤ (A ∩ B) is minimum, i.e. n ≤ (A ∩ B) = 0. This is possible only when A ∩ B = ϕ. In this case,

n≤ (A ∪ B) = n ≤ ((A)    + n ≤( B)  – 0 = n≤(A)    + n ≤ (B) = 3 +6 = 9

n ≤ (A ∪ B)max = 9
Case 2: When n ≤ (A ∩ B) is maximum

This is possible only when A ⊆ B.

In this case n ≤ (A ∩ B) = 3

n ≤ (A∪B) = n≤ (A) + n≤ (B) – n ≤ (A ∩B) = ≤ (3+6-3)=6

n ≤ (A ∪ B)min = 6.

Illustration -: In a group of 1000 people, there are 750 who can speak Hindi and 400 who can speak Bengali. How many can speak Hindi only? How many can speak Bengali? How many can speak both Hindi and Bengali?
Solution: Total number of people = 1000
n ≤ (H) = 750

n ≤ (B) = 400

n ≤ (H ∪ B) = n ≤ (H) n ≤ (B) – n ≤ (H ∩ B)

n ≤ (H ∩ B) = 750 400 – 1000

150 speaking Hindi and Bengali both.

People speaking only Hindi = n ≤ (H) – n ≤ (H ∩ B) = 750 – 150 = 600

People speaking only Bengali = n ≤ (B) – n ≤ (H ∩ B) = 400 – 150 = 250.

Illustration-: A survey shows that 63% of the Americans like cheese whereas 76% like apples. If x% of the Americans like both cheese and apples, find the value of x.
Solution:  Let A denote the set of Americans who like cheese and let B denote those who like apples. Let the population of America be 100. Then,
n≤ (A) = 63, n ≤ (B)    = 76
Now, n ≤ (A ∪ B) = n≤ (A) + n≤ (B)    – n≤ (A ∩ B)
⇒ n≤ (A∪B) = 63+76-n ≤ (A ∩ B)
⇒ n ≤ (A ∩ B) = 139 – n ≤ (A ∪ B)
But n≤ (A∪B) ≤ 100 ⇒   n ≤ (A ∩ B ) = 39   …≤ i)
Now,    A  ∩ B ⊆ A and A ∩ B ⊆ B
⇒n≤ A ∩ B ) ≤ n ≤ (A)           and n ≤ (A ∩ B) ≤ n ≤ B)
⇒n ≤ (A ∩ B) ≤ 63  …≤ ii)
From  i) and  ii), we have 39 ≤ n ≤ (A ∩B ) ≤ 63 ⇒ 39 ≤ x ≤ 63.

Universal Set:
A non-empty set of which all the sets under consideration are subsets is called the universal set. In any application of set theory, all the sets under consideration will likely to be subsets of a fixed set called Universal Set. As name implies it is the set with collection of all the elements and usually denoted by ‘U’.
(e.g. ≤ 1) set of real numbers R is a universal set for the operations related to real numbers.

Set:
A set is a well-defined collection of distinct objects. Well-defined collection means that there exists a rule with the help of which it is possible to tell whether a given object belongs or does not belong to given collection. Generally sets are denoted by capital letters A, B, C, X, Y, Z etc.

Representation of a Set:
Usually, sets are represented in the following ways:
Roaster Form or Tabular Form:
In this form, we list all the member of the set within braces ≤  curly brackets and separate these by commas. For example, the set of all even numbers less than 10 and greater than 0 in the roster form is written as: A = {2,4, 6,8}
Set Builder Form or Rule Form:
In this form, we write a variable ≤ say x) representing any member of the set followed by a property satisfied by each member of the set.A = {x| x £ 5, x ∈ N} the symbol ‘|’ stands for the words” such that”.

Null/ Void/ Empty Set:
A set which has no element is called the null set or empty set and is denoted by ϕ  (phi). The number of elements of a set A is denoted as n  (A) and n ≤ ϕ) = 0 as it contains no element. For example the set of all real numbers whose square is –1.

Singleton Set:
A set containing only one element is called Singleton Set.

Finite and Infinite Set:
A set, which has finite numbers of elements, is called a finite set. Otherwise it is called an infinite set. For example, the set of all days in a week is a finite set whereas; the set of all integers is an infinite set.

Union of Sets:
Union of two or more sets is the set of all elements that belong to any of these sets. The symbol used for union of sets is ‘∪’ i.e. A∪B = Union of set A and set B = {x: x ∈ A or x∈B ≤ or both)}
Example: A = {1, 2, 3, 4} and B = {2, 4, 5, 6} and C = {1, 2, 6, 8}, then A∪B∪C = {1, 2, 3, 4, 5, 6, 8}

Intersection of Sets:


Types of Sets - Commerce

Fig: Intersection of set
It is the set of all the elements, which are common to all the sets. The symbol used for intersection of sets is ‘∩’ i.e. A ∩ B = {x: x ∈ A and x∈ B}
Example: If A = {1, 2, 3, 4} and B = {2, 4, 5, 6} and C = {1, 2, 6, 8}, then A ∩ B ∩ C = {2}

Difference of Sets:
The difference of set A to B denoted as A – B is the set of those elements that are in the set A but not in the set B i.e. A – B = {x: x ∈ A and x ∉ B}

Similarly B – A = {x: x ∈ B and x ∉ A}
In general A-B ≠ B-A
Example: If A = {a, b, c, d} and B {b, c, e, f} then A-B = {a, d} and B-A = {e, f}.

Symmetric Difference of Two Sets:
For two sets A and B, symmetric difference of A and B is given by  (A – B) ∪  (B – A) and is denoted by A Δ B.

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FAQs on Types of Sets - Commerce

1. What are the different types of sets in commerce?
Ans. In commerce, there are various types of sets that are commonly used. Some of the most important types include: - Universal set: A universal set is a set that contains all the elements under consideration in a particular context. It is denoted by the symbol "U". - Null set: Also known as an empty set, a null set is a set that does not contain any elements. It is denoted by the symbol "∅". - Singleton set: A singleton set is a set that contains only one element. For example, {1} is a singleton set. - Finite set: A finite set is a set that contains a specific number of elements. For instance, {1, 2, 3, 4} is a finite set. - Infinite set: An infinite set is a set that contains an infinite number of elements. The set of all whole numbers is an example of an infinite set.
2. What is a universal set in commerce?
Ans. In commerce, a universal set is a set that includes all the elements under consideration in a specific context. It is denoted by the symbol "U". The universal set is used as a reference point for defining and comparing other sets. It is important in commerce as it helps in organizing and categorizing different elements or items based on their characteristics or attributes. For example, in retail commerce, the universal set can represent all the products available in a store. By categorizing products into different sets, such as electronics, clothing, or groceries, businesses can efficiently manage their inventory, marketing strategies, and customer segmentation.
3. What is a null set in commerce?
Ans. In commerce, a null set, also known as an empty set, is a set that does not contain any elements. It is denoted by the symbol "∅". The null set is different from a set that is empty in the sense that it explicitly represents the absence of elements. In the context of commerce, a null set may be used to represent a situation where no products meet certain criteria or where there are no customers in a specific segment. It is also used in mathematical calculations and set operations to establish relationships between sets.
4. Can you provide an example of a singleton set in commerce?
Ans. Yes, a singleton set in commerce is a set that contains only one element. Here's an example: Let's consider a retail store specializing in high-end watches. The store may have a set of luxury watch brands available. Among these brands, if we consider the set of Rolex watches, it would be a singleton set because it contains only one element, which is Rolex. {Rolex} is an example of a singleton set in commerce, as it represents a specific brand within the larger set of luxury watch brands.
5. How are finite sets and infinite sets different in commerce?
Ans. In commerce, finite sets and infinite sets differ based on the number of elements they contain. A finite set is a set that contains a specific number of elements. For example, a clothing store may have a set of colors available for a particular dress, such as {red, blue, green}. This set is finite as it contains a limited number of elements. On the other hand, an infinite set is a set that contains an infinite number of elements. In commerce, an example of an infinite set can be the set of all possible customer preferences. As customer preferences can vary infinitely, it is not possible to list all the elements in this set. Understanding the distinction between finite sets and infinite sets is essential in commerce for various purposes, including market segmentation, product assortment planning, and customer behavior analysis.
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