Concept:
For a first-order reaction, the half-life is independent of the initial concentration and is given by the formula:
\[
t_{1/2} = \frac{0.693}{k}
\]
where
\(t_{1/2}\) = half-life of the reaction,
\(k\) = rate constant of the reaction.
Step 1: Substitute the given value of the rate constant.
\[
k = 0.693 \, \text{min}^{-1}
\]
\[
t_{1/2} = \frac{0.693}{0.693}
\]
Step 2: Simplify the expression.
\[
t_{1/2} = 1 \, \text{min}
\]