A friend gave me permission to turn our email discussion into an article…
Can you help us figure out how to figure out this problem? I think we have all the information we need, but I’m not sure:
The average household income in the United States is $60,000/year. And a man’s annual income is $56 billion. Is there a way to figure out what this man’s value of $1mil is, compared to the person who earns $60,000/year? In other words, I would like to say — $1,000,000 to us is like 10 cents to Bill Gates.
Let the Reader Beware
When I looked up Bill Gates at Wikipedia, I found out that $56 billion is his net worth, not his income. His salary is $966,667. Even assuming he has significant investment income, as he surely does, that is still a difference of several orders of magnitude.
But I didn’t research the details before answering my email — and besides, it is a lot more fun to play with the really big numbers. Therefore, the following discussion will assume my friend’s data are accurate…
Another look at the Bill Gates proportion… Even though I couldn’t find any data on his real income, I did discover that the median American family’s net worth was $93,100 in 2004 (most of that is home equity) and that the figure has gone up a bit since then. This gives me another chance to play around with proportions.
The median American family has a net worth of about $100 thousand. Bill Gates has a net worth of $56 billion. If Average Jane Homeschooler spends $100 in the vendor hall, what would be the equivalent expense for Gates?
Thinking my way through such disputes helps me to grow as a teacher, to re-think on a deeper level concepts that I thought I understood. This is why I loved Liping Ma’s book when I first read it, and it’s why I thoroughly enjoyed Terezina Nunes and Peter Bryant’s book Children Doing Mathematics.
Multiplication of whole numbers is defined as repeated addition…
Multiplication simply is not repeated addition, and telling young pupils it is inevitably leads to problems when they subsequently learn that it is not… Adding numbers tells you how many things (or parts of things) you have when you combine collections. Multiplication is useful if you want to know the result of scaling some quantity.
[T]he levels being seen now are 25 times below the level that would be of concern even for infants, pregnant women or breastfeeding women, who are the most sensitive to radiation… At this time, there is no need to take extra precautions… Iodine-131 disappears relatively quickly in the environment.
Remember the Math Adventurer’s Rule: Figure it out for yourself! Whenever I give a problem in an Alexandria Jones story, I will try to post the answer soon afterward. But don’t peek! If I tell you the answer, you miss out on the fun of solving the puzzle. So if you haven’t worked these problems yet, go back to the original posts. If you’re stuck, read the hints. Then go back and try again. Figure them out for yourself — and then check the answers just to prove that you got them right.
This post offers hints and answers to puzzles from these blog posts:
If a girl and a half
can read a book and a half
in a day and a half,
then how many books can one girl read in the month of June?
Kitten reads voraciously, but she decided to skip our library’s summer reading program this year. The Border’s Double-Dog Dare Program was a lot less hassle and had a better prize: a free book! Of course, it didn’t take her all summer to finish 10 books.