To: Positive
Let's say the price of gas is $4.00 now - if each 10 cents increase reduces the number of highway deaths by 2.3% here is what we can conclude. 100% divided by 2.3 equals approximately 43.5, which means that if gas were increased by 43.5 times 10 cents, that would be a price increase of $4.35 per gallon.
So the bottom line is if gasoline goes from $4 to $8.35 per gallon...there would be no, zip, none, zero, nada highway deaths.
Every time the price goes up 10 cents, the size of the 2.3% is smaller. So actually if the rule of a 2.3% drop in deaths for every 10 cents increase held all the way until the price was $8.35, there would be 0.977 ^ 43.5 = 36% as many highway deaths.
To: wideminded
Every time the price goes up 10 cents, the size of the 2.3% is smaller. So actually if the rule of a 2.3% drop in deaths for every 10 cents increase held all the way until the price was $8.35, there would be 0.977 ^ 43.5 = 36% as many highway deaths. Well, yes that's true but that's using the correct math and there's no excitement in that.
45 posted on
04/12/2011 9:20:39 PM PDT by
Graybeard58
(Of course Obama loves his country. The thing is, Sarah loves mine.)
To: wideminded
Yes, indeed.
If we assume that free gasoline results in the death of everyone who drives and that each 10 cent increase results in 2.3% fewer deaths, my calculations show that we will reach the nirvana of zero deaths at $42.50/gallon.
Oh, happy day! Everyone will live forever.
48 posted on
04/12/2011 9:26:33 PM PDT by
seowulf
("If you write a whole line of zeroes, it's still---nothing"...Kira Alexandrovna Argounova)
To: wideminded
56 posted on
04/12/2011 10:04:26 PM PDT by
Positive
(Nothing is sadder than to see a beautiful theory murdered by a gang of brutal facts.)
To: wideminded
57 posted on
04/12/2011 10:04:32 PM PDT by
Positive
(Nothing is sadder than to see a beautiful theory murdered by a gang of brutal facts.)
To: wideminded
58 posted on
04/12/2011 10:04:36 PM PDT by
Positive
(Nothing is sadder than to see a beautiful theory murdered by a gang of brutal facts.)
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