Lost on an induction proof my colleague called basic.

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I just have no idear what is being asked (like what is set J) and if it is so basic why is it so general (I'm probably an idiot) .

Prove by induction on n that for any finite set I with cardinality n with $\forall i \in I$ and $\forall a_i \in \mathbb{R}$ $$\prod _{i\in I} (1 + a_i) = \sum _{j \in \mathcal{P}(I)} \left ( \prod_{j \in J} a_j \right )$$

I do not even know what $S_0$ would say. I think I am just so unfamiliar with indexed sets in pi notation that I am confusing myself.

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The theorem is just stating how to expand $(1+a_1)(1+a_2)...(1+a_n)$

P(I) is the power set of I, i.e. the set of all subsets of I.

j is an element of P(I).

Also, the pi notation is similar to the $\Sigma$ notation. Just replace summation by multiplication.

Hope this helps.