Scenario In quantitative trading and quantitative research, candidates are frequently evaluated on probability modeling, specifically regarding Coupon Collector / Harmonic Numbers.
Your Task
There are unique coupon types. Each box of cereal contains one coupon chosen uniformly at random with replacement. Let be the number of boxes purchased until at least one coupon of each of the types is collected.
(1) Derive the exact expected value in terms of harmonic numbers .
(2) Derive the exact variance .
(3) Compute the asymptotic behavior as .
Constraints