This is not for homework, but I am not great at counting arguments and would like some feedback. The question asks
Let $n \in \mathbb{N}$. How many $\alpha \in S_n$ are there such that $\alpha^2 = 1$?
I know that, if $\alpha^2 = 1$, then either $\alpha = 1$ or $\alpha$ is the product of disjoint transpositions.
If $\alpha = (i, j)$ is a single transposition, then there are $\frac{1}{2^1 \cdot 1!} \binom{n}{2}$ such $\alpha$ (the $2^1$ and $1!$ are put in the denominator to help in noticing the pattern later).
If $\alpha = (i, j)(k, l)$ is the product of $2$ disjoint transpositions, then there are $\frac{1}{2^2 \cdot 2!} \binom{n}{2} \binom{n-2}{2}$ such $\alpha$, where the $2^2$ appears in the denominator to account for the cyclic permutations of each transposition, and the $2!$ appears to account for the permutation of the transpositions themselves.
If $\alpha$ is the product of $3$ disjoint transpositions, then there are $\frac{1}{2^3 \cdot 3!} \binom{n}{2} \binom{n-2}{2} \binom{n-4}{2}$ such $\alpha$.
Extrapolating from this, I find that the total number of $\alpha \in S_n$ such that $\alpha^2 = 1$ is $$ 1 + \sum_{i=1}^{\lfloor \frac{n}{2} \rfloor} \frac{1}{2^i \cdot i!} \prod_{k=0}^{i-1} \binom{n-2k}{2}. $$
Does this look OK? It looks like a rather ugly answer to me, so I have my doubts. Any input would be welcomed.