0! is defined to be 1, by working the relationship n! = n (n-1)! backwards.
Sometimes, n! is read 'n shriek', in reference to the exclamation mark notation.
A good approximate formula for factorials is n! ~ (2 π n)1/2 (n/e)n, which is known as Stirling's Formula, after [James Stirling]?, the mathematician who discovered it. It is quite accurate when n is large, however it has to be interpreted right: it means that the quotient of the two functions approaches 1 as n approaches infinity; it does not mean that their difference approaches zero.
The related gamma function Γ(z) can be defined for all complex numbers z except for z = 0, -1, -2, -3, ... It has the property
Factorials are important in combinatorics because there are n! different ways of arranging n distinct objects in a sequence (see permutations). They also turn up in formulas in calculus, for instance in Taylor's theorem because the n-th derivative of the function xn is n!.