Given this problem:
A random sample of n people is taken. Find the smallest possible value of n if the probability that none of these people takes more than t minutes to cook an egg is less than 0.003.
I also know that:
12% of people take more than t minutes to cook their egg.
So logically $P_{sample-100-people} = 0.88$
(where P is probability)
and I have to find $P_{sample-n-people} > 0.003$ .
The methord I am meant to use finds this by
$ 0.88^n < 0.003 $
From this point on the calculation is easy to do but I don't understand why one puts 0.88 to the nth power.
What is the logic, or reason behind this methord?