venture of iit bombay vjti alumni print "values outside the function"mylist the parameter mylist is local to the function changeme changing mylist within the function does not affect mylist the function accomplishes nothing and finally this would produce the following result values inside the function[ values outside the function[ function arguments you can call function by using the following types of formal arguments required arguments keyword arguments default arguments variable-length arguments required arguments required arguments are the arguments passed to function in correct positional order herethe number of arguments in the function call should match exactly with the function definition