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Business Statistics
book

Business Statistics

by Bajpai
April 2024
Intermediate to advanced
824 pages
36h 45m
English
Pearson India
Content preview from Business Statistics
Chapter 5 | Probability 167
Similarly, in an experiment involving the tossing of six coins, the total possible outcomes are
(2) × (2) × (2) × (2) × (2) × (2) = 64
5.4.2 Counting Rules for Combinations
The second counting method uses the concept of combinations. Sampling of n items from a population
of size N (usually larger) without replacement provides
!
( , )
!( )!( )
= =
N
n
N
C C N n
N n n
where !N = (N) × (N–1) × (N – 2) ×
× (2) × (1)
!n = (n) × (n – 1) × (n – 2) ×
× (2) × (1)
and !0 = 1
The term factorial is represented by the symbol “!”. For example, !4 = 4 × 3 × 2 × 1 = 24. Example 5.1
specically explains the concept of counting rules ...
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Publisher Resources

ISBN: 9781282652507