Simple random sampling uses a sample of size n from a population of size N to obtain data that can be used to make inferences about the characteristics of a population. Suppose that, from a population...

Extracted text: Simple random sampling uses a sample of size n from a population of size N to obtain data that can be used to make inferences about the characteristics of a population. Suppose that, from a population of 40 bank accounts, we want to take a random sample of seven accounts in order to learn about the population. How many different random samples of seven accounts are possible?