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BrainteasersJane StreetCitadel

How many random numbers until the total passes one?

Press a button and a number appears, uniformly random between 0 and 1. Press again and another appears, independent of the first. Keep pressing until the running total exceeds 1.

  1. What is the probability that you need more than n presses?
  2. What is the expected number of presses?
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"More than n presses" means the first n numbers add up to at most 1. The set of n numbers in the unit cube whose sum is at most 1 is a pyramid-like corner; find its volume. Then recall that the expected value of a counting variable is the sum of the probabilities of exceeding each n.

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