Understanding The Problem
The key to solving the problem is understanding that it takes very little time to collect the first few coupons. On the other hand, it takes a long time to collect the last few coupons. In fact, for 50 coupons, it takes on average 50 trials to collect the very last coupon after the other 49 coupons have been collected. This is why the expected time to collect all coupons is much longer than 50. The idea now is to split the total time into 50 intervals where the expected time can be calculated.
Read more about this topic: Coupon Collector's Problem
Famous quotes containing the word problem:
“The great problem of American life [is] the riddle of authority: the difficulty of finding a way, within a liberal and individualistic social order, of living in harmonious and consecrated submission to something larger than oneself.... A yearning for self-transcendence and submission to authority [is] as deeply rooted as the lure of individual liberation.”
—Wilfred M. McClay, educator, author. The Masterless: Self and Society in Modern America, p. 4, University of North Carolina Press (1994)