
Patrick B. answered 08/11/20
Math and computer tutor/teacher
possible outcomes expected value
(1+1)^1 2 or 3 2*0.5 + 3*0.5 = 1+1.5 = 2.5
(1+1)^2 2+2=4 or 4 * 0.25 + 5*0.5 + 06*0.25 =
2+3=5 or 1+2.5+1.5 = 5
3+2=5 or
3+3=6
(1+1)^3 2+2+2 = 6 or 6 * 1/8 + 7*3/8 + 8*3/8 + 9*1/8 =
2+2+3 = 7 6/8 + 21/8 + 24/8 + 9/8 =60/8 = 30/4 =
2+3+2 = 7 15/2 = 7.5
2+3+3 = 8
3+2+2 = 7
3+2+3 = 8
3+3+2 = 8
3+3+3 = 9
(1+1)^4 2+2+2+2 = 8
2+2+2+3 = 9
2+2+3+2 = 9 8* 1/16 + 9* 4/16 + 10 * 6/16 + 11 * 4/16 + 12 * 1/16 =
2+2+3+3 = 10 8/16 + 36/16 + 60/16 + 44/16 + 12/16 = 160/16 = 10
2+3+2+2 = 9
2+3+2+3 = 10
2+3+3+2 = 10
2+3+3+3 = 11
3+2+2+2 = 9
3+2+2+3= 10
3+2+3+2 = 10
3+2+3+3 = 11
3+3+2+2 = 10
3+3+2+3 = 11
3+3+3+2 = 11
3+3+3+3 = 12
(1+1)^5 there are 32 outcomes 10 * 1/32 + 11*6/32 + 12* 9/32 + 13* 9/32+ 14 * 6/32+ 15 * 1/32=
ranging from 10 to 15 (10 +66+108 + 117 + 84 + 15)/32 = 400/32 = 50/4 = 25/2 = 12.5
So the expected value is the MEDIAN/Mean of the smallest outcome and the largest outcome.
As N grows infinitely large, the distribution becomes Gaussian Normal and the expected
value shall approach the mean=median.
That boils down to finding the average of 2N and 3N , which is (5/2)N
Proceeding by induction
Suppose that after N days, the expected value is (5/2)N...
Waiting an extra day (N+1), then the smallest outcome is 2(N+1) and hte largest outcome is 3(n+1)
the average is [2(n+1)+3(n+1)]/2 = (5n+5)/2 = 5(n+1)/2 = (5/2)(N+1)
Hellen J.
Thank you for the help, but to be honest I found the format a bit difficult to follow.08/11/20