A piggy bank contains 45 loonies and 25 toonies. How many ways can the coins be divided so that Jamie gets no loonies, Julie gets no toonies but at least 10 loonies, and Brenda gets an odd number of toonies? Use generating functions to solve the problem. (Note that you are only interested in how many of each type of coin each sibling gets, not which specific coins they get).
So far, my only idea is to split the problem up into 2 generating functions, and then multiply the two answers:
For the loonies, $g(x)=x^{10}(1+x+\cdots+x^{35})(1+x+x^2+\cdots+x^{45}) = x^{10}\frac{(x^{36}-1)}{x-1}\frac{(x^{46}-1)}{x-1}$
And I would do similarly for the toonies. My problem is that I'm not sure if this is even a way to do it, and my biggest problem is that I still don't understand how to find the coefficient of $x^{45}$ in the generating function I have shown, despite reading through all of my notes. Thanks very much in advance for any help!!
I think you have the right idea in dividing the problem into two parts, one for loonies and and for toonies.
For the loonies, we want to count the number of solutions in non-negative integers to $$x_1+x_2+x_3=45$$ subject to $x_1=0$ and $x_2 \ge 10$. The generating function is $$\begin{align} f(x) &= (x^{10} + x^{11} + x^{12} + \dots)(1+x+x^2+\dots)\\ &= x^{10} (1+x+x^2+\dots)(1+x+x^2+\dots)\\ &= x^{10}(1-x)^{-2} \\ &= x^{10} \sum_{i=0}^{\infty}\binom{2+i-1}{i}x^i \end{align}$$ where we used the Binomial Theorem for negative exponents in the last step. From this we see that the coefficient of $x^{45}$ is $$\binom{2+35-1}{35}$$ which solves the problem for the number of ways to distribute loonies. Notice that in the initial formulation of the generating function, we did not use the fact the $x_i \le 45$. Although this is true, it is not necessary, and we end up with a simpler solution if we don't restrict the generating function in that way.
Now for the toonies. We want to count the number of solutions in non-negative integers to $$y_1 + y_2 + y_3 = 25$$ subject to $y_2=0$ and $y_3$ odd. The generating function is $$\begin{align} g(x) &= (1+x+x^2+\dots)(x+x^3+x^5+\dots) \\ &= (1+x+x^2+\dots) \;x\; (1+x^2+x^4+\dots) \\ &= (1-x)^{-1} \;x\; (1-x^2)^{-1} \\ &= \sum_{i=0}^{\infty}x^i \cdot x \cdot \sum_{j=0}^{\infty} x^{2j} \end{align}$$ From the final equation we see that we have one solution for each solution of $i + 2j=24$, or $i = 24-2j$, which has a solution for each of the $13$ values of $j$ with $0 \le j \le 12$. So in the case of the toonies, a generating function didn't really gain us anything; we ended up essentially having to solve the original problem.
The final answer is the product of the solutions of the two sub-problems: $$\boxed{\binom{2+35-1}{35}\times 13}$$