I'm taking an online probability and statistics course through edX called Fat Chance: Probability from the Ground Up, but I've never taken anything other than high school math (the usual fodder — algebra, geometry) and a couple of college calculus courses. If any of those covered anything remotely related to combinatorial mathematics, I must have missed it. Needless to say, I need an answer that breaks this equation down step by step because clearly some basic building blocks are missing. If you can deliver an answer in simple, yet thorough language that I can understand, many thanks to you in advance.
BTW, the course I mentioned does allow you to post questions, but not having done so before, I don't know how responsive the staff is to such questions currently (since I think the course has been out for a couple of years). So, I thought I'd post this question here as a way to test out this Stack Exchange, which I just joined today. If I get an answer from edX that bests anything posted here, I'll add it.