Difference between revisions of "Talk:2327: Oily House Index"
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Dangit Randall, this was my retirement plan & now everybody's gonna want to try it! | Dangit Randall, this was my retirement plan & now everybody's gonna want to try it! | ||
[[User:ProphetZarquon|ProphetZarquon]] ([[User talk:ProphetZarquon|talk]]) 00:53, 2 July 2020 (UTC) | [[User:ProphetZarquon|ProphetZarquon]] ([[User talk:ProphetZarquon|talk]]) 00:53, 2 July 2020 (UTC) | ||
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+ | === Maths === | ||
+ | Can someone figure out where I went wrong here? | ||
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+ | >The comic then applies dimensional analysis to this index: dividing $/sqft by $/bbl yields a result whose dimension is a linear measurement, which can be called length. 1 barrel is 5.6 cubic feet. The average price per square foot of a new single-family dwelling in the USA in 2019 was about 119 $/sqft, while the price of oil in mid 2019 was about $60/BBL or $337/cubic foot. Dividing gives 60/337 feet-1 or about 5.61 feet. (This doesn't match the value shown on the chart of around 15, so we have done something wrong here. :)) | ||
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+ | Thanks. [[User:Stevage|Stevage]] ([[User talk:Stevage|talk]]) 00:54, 2 July 2020 (UTC) |
Revision as of 00:54, 2 July 2020
Dangit Randall, this was my retirement plan & now everybody's gonna want to try it! ProphetZarquon (talk) 00:53, 2 July 2020 (UTC)
Maths
Can someone figure out where I went wrong here?
>The comic then applies dimensional analysis to this index: dividing $/sqft by $/bbl yields a result whose dimension is a linear measurement, which can be called length. 1 barrel is 5.6 cubic feet. The average price per square foot of a new single-family dwelling in the USA in 2019 was about 119 $/sqft, while the price of oil in mid 2019 was about $60/BBL or $337/cubic foot. Dividing gives 60/337 feet-1 or about 5.61 feet. (This doesn't match the value shown on the chart of around 15, so we have done something wrong here. :))