A population consists of the numbers 1, 2, 3, 4, 5, 6, 7 and 8. If a sample size is 4. how many possible random samples can be drawn from the given population?
Let n = 8 - population size, k = 4 - sample size.
Amount of different samples is calculated by the formula "C_n^k=\\frac{n!}{k!(n-k)!}=\\frac{n(n-1)...(n-k+1)}{k!}=\\frac{8\\cdot7\\cdot6\\cdot5}{1\\cdot2\\cdot3\\cdot4}=70"
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