Hi,
Suppose there are m different types of coupons, and that each time one obtains a coupon it is equally likely to be any of these types. If X denotes the number of distinct types in a collection of n coupons, find the expected value and variance of the number of distinct types in a collection of n coupons.
Hi Plato,
Suppose there are 20 different types of coupons. I am having a collection of 10 coupons with 5 distinct types. Now what would be expected value and variance of the number of distinct types of coupons?
I have calculated expected value =8.0253 and tried to compute variance also, but some concepts are still unclear to me.