Using the permutation formula, it is found that it's number as a ratio of factorials is given by:
[tex]N = \frac{9!}{4!}[/tex]
The order in which the letters are chosen is important, hence the permutation formula is used to solve this question.
The number of possible permutations of x elements from a set of n elements is given by:
[tex]P_{(n,x)} = \frac{n!}{(n-x)!}[/tex]
In this problem, five letters will be chosen from a set of nine, hence:
[tex]N = P_{(9,5)} = \frac{9!}{(9-5)!} = \frac{9!}{4!}[/tex]
More can be learned about the permutation formula at https://brainly.com/question/25925367