TAOCP 1.2.6 Exercise 45
By equation (3), \binom{r}{k} = \frac{r(r-1)\cdots(r-k+1)}{k!
Section 1.2.6: Binomial Coefficients
Exercise 45. [HM21] Using the generalized binomial coefficient suggested in exercise 42, find
$$ \lim_{r \to \infty}\frac{\binom{r}{k}}{r^k}. $$
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Solution
By equation (3),
$$ \binom{r}{k} = \frac{r(r-1)\cdots(r-k+1)}{k!}, \qquad \text{integer } k \ge 0. $$
Hence
$$ \frac{\binom{r}{k}}{r^k} = \frac{r(r-1)\cdots(r-k+1)}{k!,r^k} = \frac1{k!} \prod_{j=0}^{k-1}\left(1-\frac{j}{r}\right). $$
Here $k$ is fixed. For each $j$ with $0\le j\le k-1$,
$$ \lim_{r\to\infty}\left(1-\frac{j}{r}\right)=1. $$
Since the product contains exactly $k$ factors,
$$ \lim_{r\to\infty} \prod_{j=0}^{k-1}\left(1-\frac{j}{r}\right) = \prod_{j=0}^{k-1}1 = 1. $$
Therefore
$$ \lim_{r\to\infty}\frac{\binom{r}{k}}{r^k} = \frac1{k!}. $$
Thus the required limit is
$$ \boxed{\frac1{k!}}. $$