Please note that this is not a school problem, but rather a question that came up at my work. I thought it was quite interesting and hope someone here can help us out:
- Let's say we have 10 widgets, 9 of which are good. This gives us a 90% good rate
- If we pull away 5 of the good widgets, we are left with 4 good widgets out of 5 total = 80% good rate
- By pulling away 5 of the 9 good widgets, we pulled out 55% of the good widgets
- My question is: What formula would you use to say if you go from a 90% good rate to an 80% good rate, you lost 55% of your goods?
- Other examples:
- 750 good / 1000 total (75% good)...lose 500 good units (2/3 of all goods), and end up with 250 good / 500 total (50% good). What formula to use to get 2/3 as an answer when your good rate goes from 75% to 50%
- 900 good / 1000 total (90% good)...lose 800 good units (8/9 of all goods), and end up with 100 good / 200 total (50% good). What formula to use to get 8/9 as an answer when your good rate goes from 90% to 50%
Also, please note that our samples are at different points in time, so using the raw numbers is a bit complicated. As an example: When I am trying to figure out what % of goods I lose when going from 75% to 50%, my ratios are: 750/1000 to 200/400.
Thanks
- Let's say we have 10 widgets, 9 of which are good. This gives us a 90% good rate
- If we pull away 5 of the good widgets, we are left with 4 good widgets out of 5 total = 80% good rate
- By pulling away 5 of the 9 good widgets, we pulled out 55% of the good widgets
- My question is: What formula would you use to say if you go from a 90% good rate to an 80% good rate, you lost 55% of your goods?
- Other examples:
- 750 good / 1000 total (75% good)...lose 500 good units (2/3 of all goods), and end up with 250 good / 500 total (50% good). What formula to use to get 2/3 as an answer when your good rate goes from 75% to 50%
- 900 good / 1000 total (90% good)...lose 800 good units (8/9 of all goods), and end up with 100 good / 200 total (50% good). What formula to use to get 8/9 as an answer when your good rate goes from 90% to 50%
Also, please note that our samples are at different points in time, so using the raw numbers is a bit complicated. As an example: When I am trying to figure out what % of goods I lose when going from 75% to 50%, my ratios are: 750/1000 to 200/400.
Thanks