2000 Guts #7: Expected value of monomial
Source:
October 12, 2014
algebrapolynomialprobabilityexpected value
Problem Statement
Suppose you are given a fair coin and a sheet of paper with the polynomial written on it. Now for each toss of the coin, if heads show up, you must erase the polynomial (where is going to change with time - initially it is ) written on the paper and replace it with . If tails show up, replace it with . What is the expected value of the polynomial I get after such tosses? (Note: this is a different concept from the most probable value)