Average flips used by a rejection-based three-way pick
Question
To choose one of three children at random with a fair coin, you flip the coin in pairs: HH, HT and TH each select a different child, while TT means you discard that pair and flip another pair. On average, how many individual flips does this procedure use?
Short answer
. Each pair succeeds with probability , so the number of pairs is geometric with mean , and each pair costs two flips: .
Adapted from Crack, Heard on the Street, Q4.9, p.38; question and answer rewritten by SelfMadeQuant.com.
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Open the worked solutionLessons behind this question
- Expectation, Mean, and Variance
- Conditional Expectation and Variance Revisited
- Derivation — Means and Variances of the Named Distributions
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