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Subject:
Simple (?) math problem
Category: Business and Money > Accounting Asked by: ddelphi-ga List Price: $2.00 |
Posted:
13 Dec 2002 13:01 PST
Expires: 12 Jan 2003 13:01 PST Question ID: 124324 |
I have run across a math problem that is vexing me. I think the answer is probably very simple, but I've worked on the problem for nearly an hour, and it's driving me crazy. I need this answer for a client meeting next week, but would really appreciate an answer as soon as possible so that I can get moving with the rest of the presentation. Here is the problem: I have eight different buldings with rooftop air conditioning units. All of the units together produce 100 tons of cooling. Each of the units are a different age and produce different amounts of cooling. I need the average age of the units by tons of cooling. For example: If Unit A produces 50 tons of cooling and is 10 years old, and Unit B produces 50 tons of cooling and is 20 years old, then the average age of the units (by tons of cooling) is 15 years. Here are the units by tons of cooling and age: Unit Tons Age (in years) A 65.5 10 B 5.0 12 C 3.0 3 D 6.0 20 E 4.0 5 F 4.0 20 G 5.0 5 H 7.5 3 Five stars and a tip for the one who gets me the average age of the units asap. Please show your work. -ddelphi |
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Subject:
Re: Simple (?) math problem
Answered By: websearcher-ga on 13 Dec 2002 13:22 PST Rated: ![]() |
Hi ddelphi: Thanks for the interesting question. What you are in need of here is called a "weighted average", which can be computed by summing up the weight times the age for each unit and then dividing through by the total number of tons. In mathematical terms: Average age by tons of cooling = Sum(weight_i * age_i)/Sum(weight_i), for each i from A to H. So, in your example, the calculation would be: (65.5*10+5*12+3*3+6*20+4*5+4*20+5*5+7.5*3)/(65.5+5+3+6+4+4+5+7.5) = (655+60+9+120+20+80+25+22.5)/100 = ( = 9.96 years | |
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ddelphi-ga
rated this answer:![]() Thanks webresearcher! I knew that the answer was probably very simple, but I'm a product of the public schools. I wish the tip could be bigger, but I'm putting this on my company credit card, and they gripe enough about what I spend. Thanks again...this will help me with my proposal. |
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Subject:
Re: Simple (?) math problem
From: websearcher-ga on 13 Dec 2002 14:02 PST |
Hi ddelphi: Thanks for the nice comments, rating and the tip. Glad to have been of service. :-) websearcher-ga |
Subject:
Re: Simple (?) math problem
From: socal-ga on 13 Dec 2002 16:31 PST |
You should not have rated this answer so quickly -- It is WRONG. A quick check of the answer will show why it is not correct. The "average" of the individual averages cannot exceed the range of the averages. They range from 6.55 to 0.2. Therefore, the answer of 9.91 is obviously wrong. The correct answer is the average of the average. [SUM (average)]/n tons years average A 65.5 10 6.55 B 5 12 0.416666667 C 3 3 1 D 6 20 0.3 E 4 5 0.8 F 4 20 0.2 G 5 5 1 H 7.5 3 2.5 Then add the averages and divide by the number of averages 6.55 + 0.416666667 + 1 + 0.3 + 0.8 + 0.2 + 1 + 2.5 = 12.77 12.77/8 = 1.595833333 tons/year Looking back at the individual averages can see that this average of the average os within the range and is close to amount that represented most of the individual averages. I hope this helps and you see this answer BEFORE you make your presentation. Remember, if you are only willing to pay $2.00, you will get an answer of equal value. |
Subject:
Re: Simple (?) math problem
From: ddelphi-ga on 13 Dec 2002 17:07 PST |
Ok...now I'm confused. I understand websearcher's answer, and it seems to make sense (in fact, his answer was very close to my intuitive guess). But socal's math is confusing to me, and doesn't really seem to give an answer to my question of what is the average age of the units by tons. What is the average age of the units then? What does "1.595833333 tons/year" mean in realtion to my question? As for the price...well, I really didn't think this was a complicated question, and would take someone with better math skills than me only a few minutes to calculate. I think $2.00 and a $1.50 tip was quite reasonable for something that I thought would only take a few minutes to calculate. So...anyone else care to chime in? What is the answer to my question ("what is the average age of the units by ton?"). Man, I wish I would have studied harder in college instead of drinking a lot and dancing with girls. |
Subject:
Re: Simple (?) math problem
From: unstable-ga on 13 Dec 2002 18:10 PST |
yo ddelphi, don't get confused, always check back with your original example i.e. Example (1) if Con A (50 tons and 10 years) + Con B (50 tons and 20 years) if you used websearcher's recommended method you get: Average years by ton of cooling = (50*20 + 50*10)/100 = 15 years (which is what you expected) if you used socal's method you get: Average ton of cooling per averaged year = (50/10 + 50/20)/2 = 3.75 ton/year in conclusion, stick to websearcher's answer for your needs. Socal, you gave an answer that is different from what ddelphi needs. |
Subject:
Re: Simple (?) math problem
From: socal-ga on 13 Dec 2002 18:35 PST |
OK, you are right my answer was inverted. You wanted years per ton rather than the inverse. First, lets go back to your example of "Unit A produces 50 tons of cooling and is 10 years old, and Unit B produces 50 tons of cooling and is 20 years old". You gave an answer of 15 years for the average. Well, the answer to your example is 10 10 years divided by 50 tons equals 0.2 years per ton. Then 20 years divided by 50 tons equals 0.4 years per ton. The average of the average is 0.3 years per ton. The weighted average and the average of the average is the same since the tonnage is the same. Now for your question. You want an answer "average age of the units (by TONS of cooling). So the answer must have the units of "years/ton" as per your request. Therefore, divide Years by Tons for each unit from A to H. A 65.5 10 0.152671756 B 5 12 2.4 C 3 3 1 D 6 20 3.333333333 E 4 5 1.25 F 4 20 5 G 5 5 1 H 7.5 3 0.4 Then take the sum of each average (years/ton) and divide by 8 the number of units. You will get an answer of 1.817000636 years/ton for the averge age of the units by tonnage of cooling. The weighted average (taking into account the age of each unit over the total age of all untis combined). Therefore, each average is multiplied by the "units age" divided by 78 years (total for all units). Then add all these numbers together to get the weight average -- 2.72363 years/ton. Your example of "Unit A produces 50 tons of cooling and is 10 years old, and Unit B produces 50 tons of cooling and is 20 years old" with your answer of 15 years actually has the units of (Years-Tons)/Tons which reduces to Years, not your requested units of Years/Tons. The answer to your example and the answer given by the researcher are not AVERAGES of years per ton, but are the AVERAGE of Years-Tons per Tons of cooling. The answer to your question is given by my answer. The answer, if you assume your example as "the de facto question" then the researcher's answer is correct. |
Subject:
Re: Simple (?) math problem
From: ddelphi-ga on 13 Dec 2002 22:38 PST |
I now see how not stating one's questions correctly can cause confusion. As I implied before, I'm no mathmatician. You see, I'm in sales, and the only calculation I have to make on a regular basis is how many gin and tonics I need to pour down the throat of my clients to get them to sign contracts. :-) All is well, however, as websearcher apprently read my mind and divined the answer I was looking for, despite my poorly worded question. I appreciate the comments posted by both socal and unstable. I will, in the future, phrase my questions with more care. |
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