Data Flashcards
0
Q
When do you use the combinations formula
A
When the order doesn’t matter
1
Q
What is gross profit
A
The difference between revenues and costs
Gross profit = total revenues - total costs
2
Q
When do you use the permutations formula
A
When order matters
3
Q
Combinations formula
A
Nck = n! / k! (n - k)!
4
Q
Permutations formula
A
Npk= n! / (n - k)!
