Imagine we have a cup filled with some **unknown ratio** of white and black balls. We select balls *one at a time with replacement* and **count how many white vs. black** to estimate this ratio.  After 100 selections we end up with an estimated $\dfrac{white}{black}$ ratio of $\dfrac{60}{40}$ . If we **increase the number** of selections beyond 100 can we **improve our estimate**?