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Subject:
Formula
Category: Science > Math Asked by: vodka-ga List Price: $50.00 |
Posted:
29 Oct 2003 11:22 PST
Expires: 28 Nov 2003 11:22 PST Question ID: 270829 |
Country Aids Pop Purchasing power Population Price --------- --------- ---------------- ----------- --------- Swaziland 170,000 $4,400 1,161,219 $ 800,000 Mozambique 1,100,000 $1,000 17,479,266 $1,000,000 Botswana 330,000 $9,500 1,573,267 $2,000,000 Angola 350,000 $1,600 10,766,471 $__________? Namabia 230,000 $6,900 1,927,447 $__________? Congo (DRC) 1,300,000 $ 610 56,625,039 $__________? Based on all the information given for the first three countries, i need a formula to work out the purchase price for the last three countries. I need to apply that formula to the rest of the countries of the world. | |
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Subject:
Re: Formula
Answered By: mathtalk-ga on 05 Nov 2003 18:34 PST |
Hi, vodka-ga: Here's the formula I came up with: Let C be the cost of a country in dollars, with: A = AIDs population D = purchasing power in dollars P = total population C = 0.000722 * ( D*(P - 2.62*A) - $12,000*A ) Note that as the units of D are dollars/person and other inputs A,P are "pure" numbers or population counts, the units of the right hand side expression are consistent. For the three countries that you have cost "data" for, the results are in good agreement with the given dollar amounts: Country Price (given) Price (formula) ========== ============== =============== Swaziland $ 800,000 $ 801,133.80 Mozambique $1,000,000 $1,008,826.05 Botswana $2,000,000 $2,001,626.95 The three parameters in my formula were rounded a bit, for simplicity and to avoid a pretense of greater accuracy than the data allows. Of course I could exactly match the three results (using three parameters), but this would not have much predictive value for other countries, so I made the answer simpler to keep this in perspective. regards, mathtalk-ga | |
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