An elementary proof that random Fibonacci sequences grow exponentially

We consider random Fibonacci sequences given by $x_{n+1}=\pm \beta x_{n}+x_{n-1}$. Viswanath (\cite{viswanath}), following Furstenberg (\cite{furst}) showed that when $\beta =1$, $\lim_{n\to \infty}|x_{n}|^{1/n}=1.13…$, but his proof involves the use of floating point computer calculations. We give a completely elementary proof that $1.25577 \ge (E(|x_{n}|))^{1/n} \ge 1.12095$where$E(|x_{n}|)$ is the expected value for the absolute value of the $n$th term in a random Fibonacci sequence. We compute this expected value using recurrence relations which bound the sum of all possible $n$th terms for such sequences. In addition, we give upper an lower