The document discusses permutations and combinations. It defines permutations as arrangements where order is important, and provides an example of finding the number of permutations of selecting 2 letters from a set of 3 letters. Combinations are arrangements where order is not important, and gives an example of finding the number of combinations of selecting 2 letters from a set of 3. It also presents the factorial formulas for permutations and combinations and provides examples of using them to calculate permutation and combination problems. Finally, it highlights the difference between permutations and combinations and provides 4 example problems to practice calculating permutations and combinations.