I just came over a little problem that has me puzzled.
If we have two teams, where one of the teams has a 55% chance of winning a match, how many times must the two teams meet such that we can be 95% certain that the best team wins?
What pops into my mind is the binomial distribution, but then I would have to solve the following equation for n,
which looks daunting. Perhaps I could use Markov chains in some way?
Any hints are appreciated!