Step 1: Understanding the Concept:
This problem involves set theory and Venn diagrams for three overlapping sets (Singing, Dancing, and Acting). We need to calculate the number of students in the "only one" category for each set.
Step 2: Key Formula or Approach:
Let $S$, $D$, and $A$ represent the sets of students who can sing, dance, and act respectively.
$n(S) = 40, n(D) = 60, n(A) = 24$.
Intersections: $n(S \cap D) = 16, n(D \cap A) = 12, n(S \cap A) = 8$.
Triple intersection: $n(S \cap D \cap A) = 0$ (No student is a triple threat).
Step 3: Detailed Explanation:
To find students with only one talent, we subtract the overlapping categories from the total of each set. Since the triple intersection is zero, the calculation is simplified:
1. Singing only:
\[ \text{Only } S = n(S) - [n(S \cap D) + n(S \cap A)] = 40 - (16 + 8) = 40 - 24 = 16 \]
2. Dancing only:
\[ \text{Only } D = n(D) - [n(S \cap D) + n(D \cap A)] = 60 - (16 + 12) = 60 - 28 = 32 \]
3. Acting only:
\[ \text{Only } A = n(A) - [n(S \cap A) + n(D \cap A)] = 24 - (8 + 12) = 24 - 20 = 4 \]
Total students with only one talent = $16 + 32 + 4 = 52$.
Step 4: Final Answer:
There are 52 students who have only one performing talent.