Permutations and combinations are fundamental concepts in probability and statistics, dealing with the arrangement and selection of items from a set.
1. Permutation (\(P(n,r)\)): \[P(n,r) = \frac{n!}{(n-r)!}\] Where \(n\) is the total number of items and \(r\) is the number of items being arranged.
2. Combination (\(C(n,r)\)): \[C(n,r) = \frac{n!}{r!(n-r)!}\] Where \(n\) is the total number of items and \(r\) is the number of items being chosen.
Let's calculate for n = 5 and r = 3
This diagram illustrates the example where we have 5 total items (outer circle) and we're choosing 3 items (inner circle). The permutation (60) represents the number of ways to arrange 3 items from 5, while the combination (10) represents the number of ways to choose 3 items from 5 without regard to order.
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