The assumption of independence underlying the math you're doing is probably outright false (albeit mathematically simple). As one example, imagine the case wher

The assumption of independence underlying the math you're doing is probably outright false (albeit mathematically simple). As one example, imagine the case where all n schools use the exact same admissions criteria. Unless you're applying with a random application to each school, your math is shot; you will either get into every school or none of them. I won't even go into the genetic independence issue.