00:01
Let's talk about the difference between a combination or permutation.
00:04
What's the difference here? well, combination, order does not matter.
00:09
So here, if i were to select events a, b, and c, this is the same as selecting events b, a, than c, because the same three were selected, doesn't matter which order i chose them from.
00:20
Whereas a permutation order does, in fact, matter.
00:25
So selecting events a, b, and c in that order is different than events b, a, than c.
00:31
Okay, so in this case, let's say a buyer wants to stock eight different posters.
00:37
How many ways can they, she select eight if she has 20 to choose from? does it matter what order she stocks eight different posters? no, she just wants to buy them.
00:47
So this will be a combination.
00:49
So it's going to be, i have 20 and i'm choosing eight.
00:53
So this formula is the first number factorial over the bottom number factorial, over subtract is two numbers factorial.
01:01
So those two numbers, subtracted is going to be 12 factorial approximately.
01:10
So this will be 20 factorials, 2019, times 18, 17, 16, 15, 14, 15, 14 times 13 times 12 factorial.
01:20
Sorry, right out of space.
01:21
12 factorial on bottom, then i have 8 factorial, 8, 7, 6, 5, 4, times 3, times 2, and times 1.
01:29
The 12, what's going to cancel here? the 12 factorials will cancel.
01:34
Okay, what else can cancel? eight times two is 16, so that can cancel...