Difference between revisions of "Talk:2327: Oily House Index"
m |
|||
| Line 9: | Line 9: | ||
Thanks. [[User:Stevage|Stevage]] ([[User talk:Stevage|talk]]) 00:54, 2 July 2020 (UTC) | Thanks. [[User:Stevage|Stevage]] ([[User talk:Stevage|talk]]) 00:54, 2 July 2020 (UTC) | ||
| + | |||
| + | :Since barrels are in the denominator, you have to divide by 5.6 to get the price per cubic foot. [[User:LegionMammal978|LegionMammal978]] ([[User talk:LegionMammal978|talk]]) 01:00, 2 July 2020 (UTC) | ||
Revision as of 01:00, 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. :))
Thanks. Stevage (talk) 00:54, 2 July 2020 (UTC)
- Since barrels are in the denominator, you have to divide by 5.6 to get the price per cubic foot. LegionMammal978 (talk) 01:00, 2 July 2020 (UTC)
