Saturday, October 11, 2008

Reporting with Numbers

1) $120 million budget

In order from most to least:

66%- State

28%- Fees, grants, gifts

5%- Student tuition

Over half of the budget comes from the state. Fees, grants and gifts contribute half as much as the state, and very little comes from student tuition.

2) Prison terms

Average: 22 months prison, 22 months probation
Median: 12 months prison, 12 months probation

The median is the most accurate description of prison terms because it would throw off the average when most of the numbers are close in range, and one is completely off. For example, most of the prison sentences were 12 months, and there was one that stood out because it was 84 years. That one prison sentence will throw off the average, increasing it when majority of the prison sentences were 12 months. It is best to go with majority in this case, and the median will help you do that by sorting numbers from highest to lowest, and selecting the number in the middle. It will definitely cut out the number that is too high or too low.

3) State legislature tax

State slaes tax: 8.25%

People who spend $5 per week on food end up paying $260 a year, without tax (multiply $5 x 52 weeks). With tax:

$5 x .0825 = .4125, so about 41 cents is added to $5 for tax. Grand total $5.41 x 52 weeks = $281.32.

Subtract 281-260.

The person would save about $20 per year if the taxes were eexempt.

People who spend $20 per week would save: (using the same strategy as above, but plugging in $20 instead of $5)

$85 (saved).

1 comment:

camccune said...

1) You've got the numbers right, but you could be more specific in your paragraph: Two-thirds of the college’s budget comes from the state, more than a quarter comes from fees, grants and gifts, and just five percent comes from student tuition.
2) Good!
3) Good!

14/15