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Sigma notation, often referred to as summation notation, can be used in many common situations. For example, it can be used to calculate the sum of deposits for a bank account. Banks add together all deposits and withdrawals to determine the current balance.
Sigma is a Greek letter that corresponds somewhat to our letter S and thus sigma is often used to stand for some concept that starts with S. There is an upper case (capital) sigma and a lower case (small) sigma. They are and. is most ofter used to indicate a sum.