Innumeracy

I pretty much never shop for gas prices, but my car gets 35-40mpg (when not using the battery) and my scooter gets about 95mpg. I’ve been recently paying attention to gas prices out of curiosity, I went years without paying attention to what gas costs. I may be an outlier, I buy about 60 or so gallons per year, don’t drive much.

Gotta fill up the scooter today and I’m going to the place that sells ethanol-free gas. Probably more expensive.

FB sponsored ad from an accounting firm that reduced a client’s taxes “from $119,000 down to $19,000 (159%)”. :face_with_raised_eyebrow:

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That’s pretty funny. My guess is they reduced the underlying tax due (not total tax) by 1/1.59 = 62.9% and that reduction organically reduced or eliminated interest & penalties bringing what they owed down by $100,000.

But if they can’t properly explain themselves you probably shouldn’t let them do your taxes.

Even better: when I went to the website and clicked on the link, the numbers changed from $119,000 to $106,000. :roll_eyes:

I’ve never trusted accountants to be good at math.

For that matter I have never known a loan officer or mortgage dealer that knew how to calculate loan payments (unless they had a computer or finance calculator with the requisite function built in)

Yeah, they don’t need to be.

But I’ve seen people who are good at math screw up accounting stuff because they don’t understand it.

When I took a finance class in college, all the other students had their 12C’s and I had an mathmatical/statistical/engineering calculator and for most of the class, I was able to calculate the loan payments faster than everyone else.

I also worked in the Math/Stats tutoring lab. Made me cringe at math skills of the business students who had to take a calculus or stats class.

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I am missing the innumeracy. The math checks out, although I don’t know why there’s an asterisk on the last one. It looks like the image was cut off. Is the innumerate part in the part that got cut off?

You get $60 of gift cards for $50. I always assumed that was 16.67% savings. Buy something worth $60 but only pay $50?

Oh, ok, I’d call that poor grammar. You’re getting a 20% bonus.

But yeah, I guess technically you’re right.

Hey - I know that place!

It is an excellent restaurant. Just up the canyon from where I live.

I think I’ve only eaten there once, but I have driven past it probably several hundred times. My dad’s hometown is up by coalville.

Ocelot episode on PBS Nature had a guy saying a certain area of Texas has a 3% chance of getting a category 3 or higher hurricane in a given year and that means a 30% chance over 10 years.

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Not right, but to me doesn’t seem to be so wrong as to be Innumeracy. Right ballpark.

26%?

Went out to dinner and the bill was 37.40 before tip. Here is what they offered as the sample tip amounts:


Quick arithmetic says that the bill would have had to be 44.80, not 37.40 to get those tips at the percentages shown. So they based the tips off of a bill that was 20% more than my actual meal.

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Was there a coupon involved? Perhaps the tip amount was based on the “pre coupon” price and the 37.40 was the coupon price?

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