The simple inequality that $\left(\frac{n}{k}\right)^k \leq \binom{n}{k}$ has a number of different proofs. But is there a particularly intuitive, short and elegant proof that uses the natural interpretation of binomial coefficients, for example. I would ideally like a proof which is also accessible to students with very limited prerequisite knowledge.
Here is the best proof that I have seen which is less intuitive than I was hoping for.
First we first prove that $$\frac{n-i}{k-i} \geq \frac{n}{k}$$ for $i
Now we multiply the over $i\in\{1,\ldots,k-1\}$ to obtain $$\frac{n(n-1)\cdots(n-k+1)}{k(k-1)\cdots 1} \geq \frac{n^k}{k^k},$$ or equivalently $\binom{n}{k}\geq (n/k)^k$.
Answer
$n^k$ is the number of ways of picking $k$ balls from $n$ balls with repetition allowed. One can generate all the possible ways by first deciding which $k$ out of $n$ balls to draw and draw from the $k$ selected balls instead. There are $\binom{n}{k}$ ways to choose the $k$ balls and $k^k$ ways to pick from the selected $k$ balls with repetition allowed. This gives us $$n^k \le\binom{n}{k} k^k \quad\iff\quad \left(\frac{n}{k}\right)^k \le \binom{n}{k}$$
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