The problem states that you play a weekly lottery that has a $1\%$ chance of winning each week, independently. Let $X$ represent the number of weeks you do not win the lottery before your first win. What is the probability that you wait more than one year to win the lottery?
First I'm having some difficulty understanding how the negative binomial works. I think I'm counting $X$ weeks that are failures before my first $k$ success. Is this the correct PMF $f(x)=\binom{x+k-1}{x}p(1-p)^x$, $x=0,1,2,3...$?
and $P(X>51)=1-P(X\leq51) =1-\sum_{x=0}^{51}\binom{x+1-1}{x}(0.01)(1-0.01)^x$?
Any help would be greatly appreciated, thanks