Problem Step 1 Defining the problem or the issue to be solve Step 2 Determine your alternatives
Permutations and Combinations
If there are 5 dishes, they can be relished in any order at a time. In permutation, it should be in a particular order. In combination, the order does not matter. Take 3 letters a, b, and c. The possible ways of pairing any two letters are ab, bc, ac, ba, cb and ca. It is in a particular order. So, this can be called the permutation of a, b, and c. But if the order does not matter then ab is the same as ba. Similarly, bc is the same as cb and ac is the same as ca. Here the list has ab, bc, and ac alone. This can be called the combination of a, b, and c.
Counting Theory
The fundamental counting principle is a rule that is used to count the total number of possible outcomes in a given situation.
Problem
Step 1 Defining the problem or the issue to be solve
Step 2 Determine your alternatives
Step 3 Identify the possible outcomes
Step 4 Is the list of the payoff
Step 5 Select one of the mathematical decision theory models
Step 6 Apply the model and decide
Requirements: explain how these steps begin then give concrete examples for these steps.
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Solved in 3 steps
