The problem asks to find the value of $r$ given the permutation equation ${^{10}\text{P}_r = 5040}$.
Recall the formula for permutations:
$^{n}\text{P}_r = \frac{n!}{(n-r)!}$
Where $n$ is the total number of items, and $r$ is the number of items to choose and arrange.
In this case, $n = 10$. Substituting the given values into the formula:
$^{10}\text{P}_r = \frac{10!}{(10-r)!} = 5040$
We need to find the value of $r$ such that the product of $r$ terms starting from 10 downwards equals 5040.
Let's expand the permutation:
We found that when $r=4$, the value matches the given ${^{10}\text{P}_r}$.
Alternatively, using the factorial expansion:
$\frac{10!}{(10-r)!} = 5040$
We know $10! = 3,628,800$. Checking the value $5040$:
$10 \times 9 \times 8 \times 7 = 5040$
Comparing $10 \times 9 \times 8 \times 7$ with $\frac{10!}{(10-r)!} = \frac{10 \times 9 \times 8 \times 7 \times 6!}{ (10-r)! }$, we see that for the equation to hold true, we must have $(10-r)! = 6!$.
This implies $10-r = 6$.
Solving for $r$:
$r = 10 - 6$
$r = 4$
The value of $r$ is 4.
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