The first letter we have to choose is M which is our only option. This gives us a probabililty of 1/10.
Next, the only letter where we can get our A is from the second letter. Again, this gives a probability of 1/10.
When choosing the letter T, however, we have to consider the fact that there are two T's in MATHCOUNTS. This gives a probability of 1/5 of choosing it next.
Again, there is only one H so there is 1/10 probability
Multiplying all of these gives us: 1/5000.
Which I think is somehow wrong, someone please correct me.