Step 1 :We are given that a network president has 7 shows in development, and 5 openings in the prime time schedule. We are asked to find out in how many ways she can arrange new shows to fit into the schedule.
Step 2 :This is a combination problem. We are choosing 5 shows out of 7, and the order in which we choose them does not matter.
Step 3 :The formula for combinations is \(C(n, k) = \frac{n!}{k!(n-k)!}\), where n is the total number of items, k is the number of items to choose, and '!' denotes factorial.
Step 4 :Substituting the given values into the formula, we get \(C(7, 5) = \frac{7!}{5!(7-5)!}\)
Step 5 :Solving this, we get the number of combinations as 21.
Step 6 :Final Answer: There are \(\boxed{21}\) ways to arrange new shows to fit into the schedule.