There are n strings, which of course have 2n ends. Then randomly pair the ends and tie together each pair. Let r.v. L be the number of resulting loops. Compute E[L].
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When we tie the first end we have a chance of $\frac{1}{2n-1}$ of creating a closed loop and losing two ends and a chance of $\frac{2n-2}{2n-1}$ of not creating a closed loop, but losing two ends anyway.
Hence $E_n(L) = \frac{1}{2n-1}+E_{n-1}(L)$ and thus $E_n(L) = \sum_{i=1}^n\frac{1}{2i-1}$
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