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Suppose you have $n$ (blue) wires linearly arrayed at junction box $A$, connected to a remote junction box $B$, where the wires are now arrayed along a line in a randomly permuted order, i.e., each of the $n!$ permutations is equally likely at $B$. Now you tie together every other wire at $A$ and at $B$ with a (green) connector, like this:
           Crossing Wires
What is the probability that you have formed a single cycle (as illustrated)? More generally, what are the combinatorics of the cycle structures achievable in this manner? (It may be best to separate out the $n$-even case from $n$ odd.)

I came upon this thinking of the wires as an arrangement of lines, where each line crosses every other before reaching junction box $B$, in which case, for $n$ even, one necessarily arrives at $n/2$ cycles, each containing two (blue) wires. All $n$ wires in a single cycle is in some sense the obverse situation.

Update. Will Swain's argument shows, as Noam points out, that the probability of a single cycle is asymptotically $\frac{1}{\sqrt{n}}$. I would be interested to learn if there is a way to see this intuitively without Will's explicit calculation. Perhaps an assessment of the probability of repeatedly avoiding premature closing of a loop as one criss-crosses from $A$ to $B$...?

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The cycle structure of twisted wires, connected

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The cycle structure of twisted wires connected

Suppose you have $n$ (blue) wires linearly arrayed at junction box $A$, connected to a remote junction box $B$, where the wires are now arrayed along a line in a randomly permuted order, i.e., each of the $n!$ permutations is equally likely at $B$. Now you tie together every other wire at $A$ and at $B$ with a (green) connector, like this:
           Crossing Wires
What is the probability that you have formed a single cycle (as illustrated)? More generally, what are the combinatorics of the cycle structures achievable in this manner? (It may be best to separate out the $n$-even case from $n$ odd.)

I came upon this thinking of the wires as an arrangement of lines, where each line crosses every other before reaching junction box $B$, in which case, for $n$ even, one necessarily arrives at $n/2$ cycles, each containing two (blue) wires. All $n$ wires in a single cycle is in some sense the obverse situation.