As I understand, if probability of event is 3%, over 100 attempts probability of that event occuring is 1 - (0.97^100) = .9524. If that's correct?
Please advise what equation could be used to look at the odds of that event occuring x amount of times (i.e. at least twice) in 100 attempts?
Edit: sorry I'm having as much difficulty explaining as I am wrapping my head around it. These would be independent events each time. 3% chance instance 1, 3% instance 2, and so on. So i.e. how could I consider the odds that that event happened y times over x instances?