I have a problem, which looks like a regular probability one, but has much greater numbers, then usually met. I have a 500'000 balls in a bag, one ball is white and all others are black. We draw a ball, look at it and throw it back in the bag.
How many times should one draw a ball and throw it back until a white one is drawn with probability 95%?
The regular solution with degrees doesn't work here. The 499999/500000 is too small and the power is too high. How this can be addressed?