If there are 100 marbles in a bag (1 red one, 99 green ones), then the probability of picking the red one is 1/100. But if I do 100 trials then I believe it is likely that I will pick the red one at least once in those 100 trials. I'm curious as to what this probability is; that is, what is the probability of picking the red marble if I run 100 trials.
NOTE: I replace the marble after I pick it so there are always 100 marbles in the bag.
I've always wondered about this question, because I've always believed that the odds are >50% to pick the red marble, but I'd like to know exactly what they are. This experiment can obviously be done with any other type of probability problem. I just used the marbles to illustrate one example.