A college has 1000 students. Twenty-five of these students are Asian-Americans. If you draw a random sample of 10 students from the student body, what is the probability that at least one of the students in the sample is an Asian-American?
What about if you draw a random sample of 50 students?
A blackjack player has been losing all night. On the very last hand of the evening, he decides to bet everything he has left thinking he is "due".
Is this a good idea?
Why or why not?