Chapter 4: Problem 11
A chain-letter scheme is a famous (and usually illegal) get-rich-quick scheme. A person \(X\) receives a letter with, say, five names on it. \(X\) sends 10 to the person whose name is at the top of the list. \(X\) then deletes that name from the top of the list, adds his or her own name to the bottom of the list, and sends the letter to five "friends," all within one day. In around two weeks, \(X\) is supposed to receive 31,250. Suppose every person who receives the letter follows the instructions (including sending 10 to the person listed first!). Show that if there are only finitely many people, the scheme cannot work (in some sense of "cannot work" that you should make precise). Show that if there are countably infinitely many people, the scheme can work.
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.