I need to show the suprema of the set $S = \{1 - \frac{1}{2n}\ |\ n \in \mathbb{N} \}$ and prove my answer.
I deduced the superma to be $sup(S) = 1$.
And I prove it in two steps
$1)\ s \in S \implies \frac{1}{2} < s \leq 1 \implies 1 \geq s$, so $1$ is an upperbound.
$2)\ $By Lemma, need to show
$\forall\ \epsilon
> 0, \exists\ s \in S = \{1 - \frac{1}{2n}\ |\ n \in \mathbb{N} \}$ such that $s > 1 - \epsilon$.
Take $s = 1 - \frac{\epsilon}{2}$.
Is this correct?
You are on the right track. Personally I find it more intuitive to say that $1$ is the supremum of $S$ iff given any $\epsilon > 0$, there is an $s \in S$ so that $1-\epsilon < s \leq 1$. (That is, not only is $1$ an upper bound, but in fact it's the least upper bound.) In this case, by the Archimedean property of the real numbers, there is an $n \in \mathbb N$ so that $\epsilon > \frac 1{2n}$. So take $s = 1 - \frac{1}{2n}$. Then $1-\epsilon < 1 - \frac{1}{2n} < 1$.