Intro to Statistics
A factorial is a mathematical operation that multiplies a given positive integer by all the positive integers less than it, denoted by the symbol 'n!'. Factorials are essential in various statistical contexts, especially in calculating permutations and combinations, where determining the number of ways to arrange or choose items is crucial. In probability theory, factorials also play a significant role in distributions, particularly when working with events that follow a Poisson distribution.
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