1. Consider a weekly lottery where the probability of winning is - week, forever, you will eventually win. But what is the smallest number of weeks you would have to play to have a greater than 50%...

Extracted text: 1. Consider a weekly lottery where the probability of winning is - week, forever, you will eventually win. But what is the smallest number of weeks you would have to play to have a greater than 50% chance of winning? You may find the following result useful – or you may not need to use it at all (a closely related result was demonstrated in class). If q is a number between 0 and 1, then for any positive value of n we have: If you play 1,000,000 every 1- qn+1 п Σ q* k=0