nCr / nPr functions on the BA II

BHunchak

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Can anyone explain the use of the nCr and nPr functionality relating to stats work?
Thank you!
 
Combinations and permutations
No of combinations of r things from a set of n things =
nCr = n!/(r! * (n-r)!)
Number of permutations of r things from a set of n things=
nPr = n! / (n-r)!
 
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