
November 8th, 2009, 04:36 PM
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 | Senior Member | | Join Date: Nov 2006
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Quote:
Originally Posted by CUEngineering Solving that equation for E, I get E = 11 years. | E = 11 doesn't solve the equation. Try to solve it again; it should be 4, as impossibletask wrote. Quote:
Originally Posted by CUEngineering I don't understand why for 1 year, the average would be 1 + E. Is it because after 1 year, you select again and the expectation of selecting then is the same as selecting now? | Yes, that's exactly why.
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