Let's try this again.
It's easier to start with why a permutation works. It's the same equation except without the k! In the denominator. So it only has (n-k)!
When I pick the first card there are 52 total possible outcomes. Then I am down to 51 cards left, and therefore 51 possible outcomes for that pick. Etc. Just to shorten it, I'm only going to pick 5 cards. So I have 52(51)(50)(49)(48) possible ways to pick these five cards. (It's a really big number too!)
That's not such a terrible thing to do on your calculator, but if you don't feel like it or it's a lot of numbers (13 would be a hassle), we have a shortcut:
Which is:
!}\ =\ \frac{52!}{47!})
And you said understand the factorial thing.
So if we were to cancel out in both numerator and denominator the part from 47 on down, then we're left with the original of just multiplying 52 through 48. There wouldn't be much point in doing that manually. But if you use that permutation equation, it will multiply all the way down to the 1, and then by dividing by 47! You cancel out the ones in the numerator you didn't really want. In other words, I only want to multiply the first 5 cause I'm only picking 5 cards. Dividing by the 47! Cancels out the 47 we don't want and leaves us with only the first five.
Since you can use the factorial key on your calculator this is a shortcut way to multiply a bunch of numbers when it becomes a hassle to do it manually.
The problem with that is that if we're picking cards, order doesn't matter. That is, if I pick a Queen of hearts and a 2 of clubs, does it matter which one I picked first? No, it's still the same two cards. In other words, ABC and ACB are the same thing cause it didn't matter what order I picked them in. So for something where order doesn't matter, it's not a permutation. Cause a permutation is for when order matters. For a permutation ABC and ACB are two different things. But for a combination they're not. For picking cards I need a combination cause order doesn't matter. If I use a permutation, I'll
also get BAC, BCA, CAB and CBA, and all six of those are the same thing if the order doesn't matter! That's 5 extras.
So the combination adds the 5! Into the denominator:
That 5! In there divides back out all those duplicates you would get if you did a permutation equation. That is, like the 5 extras in my example above.
Why it's 5! Is a little trickier to understand, let alone explain. I spent an hour one day pondering over that cause I insisted I would understand why, and I did figure it out. This probably won't make much sense, but if I were to add another letter and start doing ABCD, ABDC, ACBD, ACDB, etc. there are actually less duplicates as you work your way down the line. So it's like the 5 is the first set of duplicates, then you move one letter over and it becomes 4 sets of duplicates, etc. Hence the 5!
And after all that, I just hope that is what you were actually asking, since you asked why the equation works. :p