The probability of picking any one specific letter from a total of \( N \) letter tiles (assuming each letter is equally likely to be chosen) can be represented by the equation:
\[ P(X) = \frac{1}{N} \]
This means that the probability of picking any one specific letter \( X \) from the \( N \) tiles is the reciprocal of the total number of tiles. Therefore, the correct response from the given options is:
\[ P(X) = \frac{1}{N} \quad \text{(This is how you would write it in LaTeX: } P(X) = \frac{1}{N}\text{)} \]