Given $n$ random cards from a standard $52$ card deck, what is the probability of getting at least a 5 card flush within those $n$ cards? $n$ would be 5 <= $n$ < 17. The probability would get closer and closer to 1 as $n$ approaches 17. Basically, I need an equation to compute the increasing probability of getting at least a 5 card flush as you draw more and more cards from a 52 card deck.
Is it simply $$\frac {(^4C_1* ^{13}C_5)}{^{52}C_n}$$
To make the formulas a little more compact, I'm going to use the notation $\binom pq$ rather than $^pC_q$ for number of combinations.
Notice that $^4C_1 \times {^{13}C_5} = \binom41\binom{13}{5}$ is a constant, whereas $^{52}C_n = \binom{52}{n}$ increases as $n$ increases, so $$ \frac{\binom41\binom{13}{5}}{\binom{52}{n}} $$ gets progressively smaller as $n$ gets larger, opposite from what you know the correct answer must do. Therefore this cannot be the answer.
The formula above is correct in the case $n=5$ only. It is true that the probability of drawing at least one $5$-card flush in $n$ cards can be expressed as a fraction with denominator $\binom{52}{n},$ but in general the numerator is larger than $\binom41\binom{13}{5}.$
Let $K(n)$ be the number of $n$-card hands with at least one $5$-card flush, so that the desired probability is $$ \frac{K(n)}{\binom{52}{n}}, $$ and let's see how we can compute $K(n)$ for a few different values of $n.$
For $n=6,$ we have to consider the $\binom{13}{6}$ different sets of $6$ cards that might be drawn from one suit times the $4$ different suits from which they might be drawn; but we also have to consider the $\binom{13}{5}$ different sets of $5$ cards that might be drawn from one suit times the $\binom{13}{1}$ ways to draw the sixth card from another suite times the $4\times3$ different permutations of suits from which they might be drawn. So $$ K(6) = 4 \binom{13}{6} + 12 \binom{13}{5} \binom{13}{1} = 207636. $$
For $n=7$ the possibilities are not just $7$ of one suit or $6$ of one suit and $1$ of another; it could be $5$ of one suit and $2$ of another, or $5$ of one suit and $1$ each of two others. In that last case, the only choices of suits are $4$ choices for the long suit and which of the other $3$ suits does not occur; it doesn't matter which of the two singleton suits we write first. So $$ K(7) = 4 \binom{13}{7} + 12 \binom{13}{6} \binom{13}{1} + 12 \binom{13}{5} \binom{13}{2} + 12 \binom{13}{5} \binom{13}{1}^2 = 4089228 $$
It's hard to imagine how we're going to write a simple formula for $K(n)$ using the usual combinatoric functions, since for the next few $n,$ each time we add a card we increase the number of different possible counts of cards by suit; for example, for $n=8$ the number of cards in each suit can be $8$ (all one suit), $7 + 1,$ $6+2,$ $6+1+1,$ $5+3,$ $5+2+1,$ or $5+1+1.$ The formula would not even fit on one line of this answer format.
For $n$ close to $17,$ the formulas are simpler if we count the number of non-flushes, that is, $\binom{52}{n} - K(n).$ For example, for $n=16,$ the only non-flushes obtained by drawing $4$ cards from each suit, $$ \binom{52}{16} - K(16) = \binom{13}{4}^4 = 261351000625. $$ For $n=15,$ we can only have $4$ cards from three of the suits and $3$ from the other, with $4$ different choices of the $3$-card suit, so $$ \binom{52}{15} - K(15) = 4 \binom{13}{4}^3 \binom{13}{3} = 418161601000. $$
For $n=14,$ the possible numbers of cards of each suit are $4+4+4+2$ or $4+4+3+3$, so $$ \binom{52}{14} - K(14) = 4 \binom{13}{4}^3 \binom{13}{2} + \binom62 \binom{13}{4}^2 \binom{13}{3}^2 = 364941033600. $$
Observing that $\binom{52}{6} - K(6) = 20150884$ and $\binom{52}{7} - K(7) = 129695332,$ we can see that the result of the computer calculation offered in another answer is correct for $n \in \{4,5,6,7,14,15, 16, 17\}.$