I have a bowl of $n$ balls numbered $1$ to $n$. I will perform $k$ extractions (with immediate replacement into the bowl after extraction). I want to calculate the probability to have extracted each ball at least once after those $k$ turns.
With inclusion/exclusion principle from Probability to see all 6 numbers on a die after n throws for example, I arrived at:
$$P(n, k) = \sum_{i=1}^{n} (-1)^{n-i} \binom{n}{i} i^k \frac{1}{n^{k}}$$
But this takes forever to calculate for something like $n=50$, $k=1000$. Can I further simplify this equation? Is the equation even correct?