I have a test tomorrow in statistics and was wondering what the following means?
$$\binom{50}{4}$$
My professor along with most of my classmates have a calculator they can just plug that into. The professor never went into depth on what it means and how to figure it out with a normal ti-30.
Thanks for your time.
${50}\choose{4}$ is read "$50$ choose $4$" and is the number of ways to choose $4$ things from $50$ things, where order doesn't matter. Most graphing calculators will have a button for this, if not there is the formula:
$${{n}\choose{k}} =\frac{n!}{k!(n-k)!}$$
where $n!=n\times (n-1)\times\cdots\times 1$.