Archive for the ‘MY LOVE AFFAIR WITH MATH AND TEACHING’ Category

WELL, I’M NOT REALLY SURE….

November 24, 2015

The young man came back to the large math lab help room where I had been working the past three hours.  Some time earlier, I had helped him.

“I took a practice test,” he said, showing me a paper, “and I think I probably would have failed.”

I looked at the questions and his answers, and well, I’m not really sure he would have failed, but I don’t grade at Lane, I just am a volunteer there to help students.

The young man was learning decimals and percentages.  He had almost mastered cross-multiplication, except he needed to slow down, so he wouldn’t make simple mistakes, which he immediately understood when I pointed them out. Percentages were different matter.  Part of the difficulty he had was that to him one hundred per cent was a ceiling.  He had difficulty conceiving of “138% of 87,”  a typical problem.  Mathematically, there is no upper or lower bound on what a per cent can take, but he was absolutely correct when he didn’t understand the statement “he gives 110% effort,” which I can’t either, because such is impossible unless there is some form of comparison, like to a previous year.  Trying your hardest is 100%.  Period.  I am really sure about that.

Indeed, he told me he had never understood percentages in high school and had spent the past five years not understanding the difference between 3% and 33%, so natural to me that I don’t even think about it.  Had he not come to the community college, he could have spent his whole life not knowing the difference.  It’s difficult to plan retirement when one doesn’t know rate of return.  Indeed, it’s difficult to live without knowing how to work with percentages.

I’m not really sure many know when or how to use percentages. People confuse a 25% increase in the possibility of getting an uncommon disease as a 25% probability of getting the disease itself, whereas the truth is far less.  We read about the percentage of growth’s declining and think the actual amount is declining, when it is not. I’d personally like an end to the term “three hundred per cent decline in xxxx,” because per cent decline is decrease over the original amount, and one cannot decrease sales, to give one example, three times the original amount, without a major giveaway.

Yes, the high school my student  attended should have taught him percentages better. But I was dealing with reality:  he was no longer in high school, and the community college—and I— was doing the teaching.  If the young man sticks it out long enough he will learn how to work with percentages.  That is assuming the community college sticks around long enough to be able to help people like him. A lot of CCs are under fire to cut programs because there isn’t money to fund them.  Mind you, we continue to fight in both Afghanistan and Iraq, because …. well, I am not really sure….  We eventually disengaged from Vietnam, a horrid mess, but we had to do it at some point.  I’m really not sure after somewhere between $2 and $6 trillion spent what we are getting for our money in southwest Asia.  Yes, trillion.  I wonder how many people can put in the correct number of zeroes.  Or can relate it to something physical, like the number of days the Earth has existed or the number of seconds in 31,700 years.

You see, when a person understands math and numbers, he can make more sense out of the world.  Note the he:  it is too often boys and men who have trouble, and that disturbs me greatly. I’m not disparaging other subjects, but math is so fundamental that a person without a good math background is forever handicapped in this society.  I could continue with my complaints about high schools, but it may be summarized by saying we as a country are slowly dismantling public education, one of our great gifts to the world.  We are leaving a lot of students uneducated, because … well, I am not really sure….  The pendulum swung towards standardized tests, because we were graduating students who couldn’t do basic math, write a coherent sentence, or know history.  Now, the pendulum is swinging in the other direction, because there were unpopular consequences—students didn’t graduate if they didn’t pass tests—so now we are backtracking from testing without well, I’m not really sure what….At some point, we have to determine competence.  I could come up with a 25 question test in a variety of subjects that I think every student ought to know in order to graduate.  I know educators could do better.

Back to money: for a lot less, say fifty million dollars, many community colleges in a region could have their budgets balanced with enough teachers and technology to teach things like percentages … or calculus, to their students.  It’s really cool to see a young person at a community college know calculus cold.  For one of those trillion dollars I discussed, we could remove all student loan debt nationally, which is holding young adults back from funding their retirement, which is critical, should Mr. Rubio become President Rubio and dismantles Social Security and Medicare for those under 45.  Will Rubio become president?  Well, I’m not really sure….

Until high schools are able to graduate those who should graduate and hold back those who clearly shouldn’t, the community colleges will have to pick up the slack.  It shouldn’t be the job of the CC, but somebody has to do it, and we need a lot of free help or money from those who can afford to give either—or both.  The tutoring I do at the CC helps the school helps keep open a pair of rooms to help students in lower or upper math courses.  I’ve worked in both, and it’s busy.  Tonight, I stayed an hour later in the upper level room.  My presence allowed the students to get help with less waiting time.  I was doing heavy duty calculus and pre-cal non-stop,  digging long forgotten math out of ….well, I’m not really sure where.  I found the derivative of arc cosine, and while I may have learned it once, it was a half century ago.  I was graphing fourth power functions, re-learning inflection points, and learning when L’Hopital’s Rule didn’t work.  It’s good for me, I think. But I’m really not sure….

Enough about me.  We need to pay teachers more and lower costs to attend community colleges.  I can’t think of too many better investments.  These students are training, not to become math professors, but as skilled workers in a very different economy from the one I grew up in.  I want them to have a solid educational background in order to live a fulfilling life.

Maybe they will get what they need, but I’m not really sure….

TIME TO TEACH ABOUT MONEY

July 28, 2014

I saw a Dave Ramsey quotation: “Identify your motivation and your passion.  Find what you’re good at and become world-class in that area.”

The term “world class” is overused, and I think harmful, making average people like me feel they are failures.  Indeed, most of us are average.  World class should apply to Olympians, bicycle riders in Le Tour de France, Nobel laureates, best seller writers, and those young people who competed at the IAAF Track Meet I saw today, a few young people who truly are at the top of what they do.

Mr. Ramsey would have done well to have removed the words and replaced them with something like “the best you can possibly be”.  That is achievable.  World class is not.  In standardized math tests when I was young, I was at the 99th percentile.  That is fine, except that if there were 10 million students, 100,000 of them were as good or better than I, making me hardly world class.

Where Mr. Ramsey does help is with people who hate their jobs and are poor.  Suze Orman does the same thing.  Both are good; both are rich; both are famous and charismatic.  It would be nice to be charismatic, but one has to have the wiring.  It isn’t in me.  What I am wired for, however, is math, and I am very opinionated about what we ought to be doing about it.

Key issues today are student loans, houses underwater, insufficient retirement savings, and too many having to live on Social Security, which it was never intended to do.  A frightening number of people go bankrupt each year, because we have a subpar health insurance and medical care system in this country.  Very few hospitals are “world class,” and saying “Centers of Excellence” does not bring it.  Having been on the medical quality front lines, I think I have a notion of what world class might mean, and we are a long, long way from there at the moment.  But we can address the financial issues that people face.

We ought to be starting early, in the schools.  That won’t cure the problem, but in a generation or two, it would help a lot.  Dealing with finances means dealing with ….uh oh…..numbers and math.  Yes.  If one cannot understand numbers and math, basic math, there is no way one can understand finance.  This means that students must be held back from moving to the next grade until they understand the math necessary for the current grade level.  If that means that we slow down education to a crawl, and people howl, then let it be so.  Let’s do it right, learning one basic lesson of math right away:  if you grade children and adults on certain measures, there will be attempts to game the system and make the person or school look good.  This happened in Atlanta.  If 80% of the students coming to a local community college, which happened in Tucson, have to take remedial math, what exactly were we—and they and their parents— doing for the prior 12 years?

It is time to be honest with math (and other subjects, too).  If students can’t pass basic arithmetic, let’s figure out how to get them to learn enough to pass, not game the system, from the teacher’s side and not play “how clever can I be?” from the tester’s side.  Certainly, we ought to have enough smart people in academics who know what should be mastered at each grade level.  Students are going to need algebra and geometry, too, but basic arithmetic is absolutely fundamental to understanding algebra, and math builds on itself.  Fail at the bottom, and there is no way anybody is going to suddenly jump to the top.  Other subjects build, too, but few as strongly as does math.

What good does it talk about an emergency fund of $1000, if the concept of a thousand is not understood?  Indeed, one of the big problems we face in this country is that few in Congress can comprehend what a billion or trillion is.  Comprehension of these numbers is not easy, but it is both essential to know and may be learned.

Students need to learn about interest, where the formulas come from, then simple rules for remembering them.  Trust me, one will use it.  They need to learn the difference between “the rate of increase” is slowing and “it is decreasing”.  These two are not understood by the majority of students I have taught.  They need to know the difference between an average and a median. They MUST be able to work with multiplication tables automatically.  This cannot be given over to a calculator or be googled.  One has to memorize it.  Learn something well, and it is no longer memorized.  It becomes innate.

I don’t have the answers to learning math.  I do know, however, one place where math would become interesting to students and worthwhile: dealing with finance.  Everybody wants money.  Everybody wants things.  Dealing with money requires dealing with numbers.  Frankly, if we could teach children enough math so that they could deal with basic finance, we’d be way ahead of the concepts we think we should be teaching them.  I could live without teaching many kids algebra if they knew enough division that they knew that 24% interest rates on credit cards led to doubling of debt in 3 years.   If they could multiply by 52, they could figure out how much money they spend annually by eating out once a week.  If they could multiply by $2000, they would know what dollars per hour wages equalled in a year.

This isn’t and should not be America’s goal for teaching math in the 21st century.  We have to go far beyond what I have stated.  But if the millions of kids who can’t make change, can’t comparison shop, don’t know what a mortgage is, or understand the basics of investment can learn to deal with these matters, even on a rudimentary level, we would be a lot better off than we are today.  I would rather see an improvement for millions than wait for perfection that will never come.  No, Mr. Ramsey, these millions aren’t anywhere near world class.  They just need to pass the class of basic material THAT EVERY CITIZEN SHOULD KNOW.

Want kids to understand math?  They need to work with, and understand, numbers.  To me, the best place to start is with finance.

TIME TO STOP THE DUMBING DOWN OF AMERICA

January 12, 2014

“The dumbing down of America is most evident in the slow decay of substantive content in the enormously influential media, the 30 second sound bites (now down to 10 seconds or less), lowest common denominator programming, credulous presentations on psuedoscience and superstition, but especially a kind of celebration of ignorance.”

Carl Sagan (1932-1996)

Picture of Earth taken in December.  Notice how Antarctica and the Southern Hemisphere are accentuated and that the Sun is shining at a lower angle, therefore producing less heat, in the northern hemisphere.  This is why we have seasons.  The Earth circles the Sun, and in 6 months, the northern hemisphere faces the Sun.  That is why the Sun circles the sky in the Arctic in June. Seasons have nothing to do with distance from the Sun; they have to do with the tilt of the Earth’s axis.  The continent you are looking at is Africa, with the Arabian Penisula at the top.  Notice the comma shaped white areas over the blue ocean.  They are storm systems.   Notice the white over the middle of Africa.  This is the ITCZ, the Intertropical Convergence Zone.  The Sun is so hot at the equator that humid air rises, condenses when it cools in the upper atmosphere and produces thunderstorms.  Notice how there are no clouds over the Sahara, in North Africa.

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A financial consultant I know is deeply religious and went to Bible camps.  When his wife came ill with lymphoma, he took her to the hospital where she was put into remission for many years.  While he prayed for her, I found it interesting he took her to a hospital, where she was cured.  Dr. Sagan himself said much as he would have liked an afterlife, the chances as he knew it were zero.

When I was young, I had multiple strep throats.  Had it not been for penicillin, I would have likely developed acute glomerulonephritis or rheumatic heart disease, with subsequent kidney failure and mitral stenois.  I would either be dead or never have seen the world the way I have, by pack and paddle.  Uremia used to kill in the 20s: The sex symbol Jean Harlow died from it at age 26; Sean Elliott and Alonzo Mourning would not be alive today if science had failed to progress.

The dumbing down of America: where people don’t know why we have seasons (note picture above; rocket science got man to that distance) but can tell you what is happening in Hollywood; where rap stars are idolized, but Frances Oldham Kelsey is unknown.  Don’t know her, right?  Well, use science and Google her name.  She did more for this country than any rapper, actor, or artist.  Jonas Salk will probably be unknown in another 30 years.  He kept me from getting polio.  Now, we have to practically force otherwise intelligent people to vaccinate their children, the idea being that vaccines cause autism, rather than perhaps genetics, overstimulation, pollution, our obsession with cleanliness, and maybe even the water we drink and food we eat.

That is the dumbing down of America.  We used to say “UCD” in medical histories, for “usual childhood diseases.”  These diseases were removed, except a bunch of otherwise intelligent (one would hope) parents seem to think that they don’t exist because we don’t see them. These diseases are still out there, lurking, waiting for us to let our guard down.  Pertussis has already made a resurgence.  Pertussis kills.

In schools, we teach math to the tests, rather than to show where it can be useful and fun.  In 2011, I was requested to do a Nature by the Numbers course for a non-for-profit organization.  I did the work, asked for feedback, and heard nothing.  Some time later, I learned that schools didn’t have time to teach this material.  Perhaps if kids could see how knowing the volume of a cylinder determines cubic inch displacement in engines, how land use led to land grant universities, what a section is, what DNA is, what carbohydrates and proteins are, how chemistry and physics work in real life, they might be more interested.  I always teach the use of math when I substitute.  I show where algebra works, I teach why interest on money matters, where exponential functions are used, how quadratic equations are equations of motion of baseballs, footballs, basketballs and projectiles.  I teach about probability, so they learn the chances of winning Powerball are equivalent to guessing one minute, randomly chosen beforehand, since the Declaration of Independence was signed.  I teach them what year it was signed, because most don’t know.  I don’t even bother with teaching them the 50 states, because I’m lucky if they know 10.  I once made a comment about Delaware having the second highest cutoff rate in the nation for National Merit scholarships.  I joked, “I’d be a finalist if I lived in Arizona.”  Well, I have.  I asked the students to name all the states that border Delaware.  That is easy.  There are only three.  One named one.  The other responses were frightening.

I tell them about the 49 countries I have been in, courtesy of science and systems that has made aviation safer.  I tell them about solar eclipses, about wilderness so remote that even their cell phones don’t work.  I tell them about the 49 national parks I have seen, what they contain. I don’t treat kids as dumb, but I am stunned at the mindless guessing and their dependence upon electronic products that are the result of good science, not prayer, not wishing, not falling from heaven.

I teach them about cyclonic circulations in our hemisphere, and how they are necessary to balance the heat of the Earth between the equator and the poles.  Sometimes, I have an opportunity in the woods to show people the right directions, or even predict the weather.  More than one time, the barometer I wear on my wrist, coupled with a new south or southwesterly wind, has told me rain was coming.  In the wilderness, my life depends upon this knowledge.  I can read the sky, day and night.  I know where the Moon will be, where Polaris is, where the Sun will rise, and they can learn this, too.  This is our heritage.

Kids aren’t dumb.  They are curious until we drum it out of them, because we hate to be asked Why? when we don’t know.  In my youth, we had encyclopedias.  Now, we have access to the correct information, but we don’t know how to determine what is correct and what isn’t.

Every kid occasionally ought to be bored.  Every kid ought to be read to and learn to read.  Every kid should sit on the ground somewhere, where there is no asphalt, only natural grass, rocks, sticks, muck, or sand.  Every kid should put his feet in water and learn how to float.  Every kid ought to see the stars from a dark site and understand the phases of the Moon,  which drives the calendars of Islam and Judaism.

At one school I worked at, chess was allowed but cards were not.  Kids couldn’t learn how to play bridge, a fascinating game where bidding is allowed with only with 15 specific words, 7 of which are numbers.  It teaches partnership, politeness, probability, tactics, and when to be aggressive on offense or defense.  I am not very good at it, but the game ought to be allowed in schools, before it dies out, because most bridge players are old.

We allow dumbing down, because science and math aren’t cool.  Next time you use your computer, cell phone, car, wear clothes, shower, take a pill, sleep in a bed, walk upright, and listen to music, remember what brought it to you.  It wasn’t God, and it wasn’t prayer.  It was science.

If you have arms and legs, thank Frances Kelsey.  If you ever think that it is impossible to stand up to big business, thank her again.  If you think that science is only for men, think about her.  But if you are a guy, get busy.  The girls are going to run the world.  That might not be bad, but if you want a decent job, think about science and math.  Chances are very high you won’t be a famous athlete, rock star, or the next Steve Jobs.  I understand probability; too many don’t.

The world will belong not only to those who guess right but to those who adapt to the changes that will come.  You don’t have to be a Steve Jobs.  I found that being myself, adaptable to a changing world, has been a good ride.  I’ve been all over the world, I’ve seen the great wilderness areas, I’ve traveled alone and known solitude, and I have taught myself much.  I’ve adapted, and science has led the way.

I don’t want to die tomorrow or soon, but if I do, I’ve lived a full, interesting life.  I haven’t been a sports or rock star; I’ve been much, much more.

Thank you Jonas Salk and Alexander Fleming.  If you don’t know who they are, then you ought to.  Look it up.  Use science that is in your computer.  Or you can pray for the answer.  I know what I’d do.

BEEN DOING THIS STUFF SINCE I WAS 8….AND YOU CAN LEARN HOW, TOO.

January 8, 2014

A letter came in the mail from Humana, my Part D Medicare Drug Plan,stating my medication, 2 mg pills, was “excessive;” while I would be given a 30 day supply, I would need a letter from my doctor to get more.  I take 2 pills twice daily.  That is 4 *30, or 120 pills per month.

Getting a hardship letter from a physician is difficult. When I practiced, this sort of stuff was the norm.  Some of us did it as part of the job, others charged for it, still others ignored it.  I realize we live in different times.  I wrote off $30,000 annually for bad debts and poor people. In 1984, when Arizona went on the “successful” non-Medicare AHCCCS program, it worked, because we didn’t get paid for “AHCCCS Noncert” patients, but we saw them anyway.  You’re welcome.

I was not going to fight the doctor’s office staff.  I had a better idea.  I went on Humana’s Web Site and found the problem: only 90 pills were allowed a month.  I thought that odd, but Medicare is interested in preventing falls in the elderly.  Being Medicare, they set rules in stone.  Had my colleagues fixed the problem, we wouldn’t need government regulation, but I’ve been saying that for decades and would have had better luck saying it to the wall.  At least, the wall wouldn’t have yelled back at me.  But I digress.

I discovered that the 5 mg pills were restricted to 90 as well, odd, but I could buy them, use a pill cutter and do just as well with 1 1/2 a day.  That would be easy.  So, I went to my doctor’s office and asked for a prescription for 1 pill twice a day, 70 a month, to have a few extra.  I would do the cutting, and I didn’t want the staff to deal with fractions, for people don’t understand fractions and don’t like them, mostly because they were not taught how to deal with them. I should quit digressing.

Two weeks later, I got another letter from Humana stating the same thing, this time about the 5 mg pill.  I was annoyed.  I called their number, and entered a loop that sent me back to where I started.  At least I didn’t hear “Your call is important to us.”

Non-plussed, I called the line for those wanting to contest a denial. While on hold, I called another pharmacy to find I could get what I wanted off Medicare if I paid for it.  Good.  I had Plan B. I wasn’t really contesting the denial, but I soon learn to find the right number to talk to a real person.  I got a guy from Tampa on the line and told my story.  He explained the 90 pills was a precaution against falling.  I knew that. He then said that the pharmacy had given me an 18 day supply of the 5 mg pill, because it was the prescription was written for 4 a day.  I didn’t thank him for the extra pills: 18*4=72, and there is really an easy way to do that in one’s head. I was polite.  I know that, because after the call, my wife agreed.

In other words, I concluded, either the pharmacy or the doctor’s office made an error.  I wasn’t done.  I asked him to look up how many pills I could get of the 10 mg size.  I knew, because when I deal with irrational thinking I ask questions I already know the answer to.  Jeesh, I’m sounding like a lawyer.  That’s worse than digressing.

There was a pause, and then I heard, “120”.  I asked him what he thought about the number.

“I think I better get the clinical pharmacist on the line.”  Good answer. Now I’m having fun.

A few minutes later, I was speaking to the clinical pharmacist and the operator.  Wow, this is great.  I outlined the problem in simple math, since I am after all both a mathematician and a substitute math teacher.  In my last post, I said I was better than average with dealing numbers.  No, I am far better than average in dealing with numbers.  I always counted things; I still have a 1957 diary wherein I counted license plate tabs I saw.  Yeah, I did that stuff when I was 8.

I outlined my issue in simple math I thought an 8 year-old would understand:

“I can get 90  2 mg pills a month, right?”  Both agreed. “So,” I added, “I can take 180 mg a month.”  The pharmacist started saying something about Medicare, but I interrupted her.  Yes, I shouldn’t interrupt; the German verb for it translating literally to “under break”.  Gotta love the Germans for that.

“I know what Medicare says,” I continued.  “I can get 120 of the 10 mg pills a month, right?

The pharmacist and the operator agreed.  I then lay down my royal flush:  “That is 1200 mg a month, right?”

There was dead silence on the line.

I started arranging the Ace, King, Queen, Jack, and Ten spot and said, “So Medicare says I can only take 180 mg a month of the 2 mg size but 1200 mg a month if I take the 10 mg size.  Does that make sense to you?”

The silence continued a little longer.  Almost in unison, I heard, “I think we need to talk to our supervisors.”

I thought that was reasonable.  I doubt anything will happen.  It seldom does.  But once in a while there is real thinking about numbers at high levels of business, numbers that don’t have parentheses around them and lie at the bottom of the page.  Somebody might actually say, “Hey, some old codger from Arizona called and said he could get 1200 mg of this medication if he took one size pill, but only 180 mg if he took the smaller size.  We need to change that.”

“That can’t be true,” will be the reply.  “The codger doesn’t know what he is talking about.”

“But he said that was 6 2/3 x the lower dose.  He did that without pausing.”  Man, I’d pay a C note to be present at that conversation.

That was easy.  Been doing that since I was 8.

The harder part was multiplying the two, just for fun.  The product is 216,000.  It is meaningless, but I did it in my head.  It is not difficult to teach…..should you want to learn the technique.  It’s not like directing Swan Lake, for heaven’s sake.  It’s just working with numbers.  I gave the link.  We read left to right.  Learn to multiply left to right.  You may not have born with mathematical ability, but you can learn this.  I wasn’t born with musical ability, but I sure love to listen to Swan Lake.

Math really matters.

SURELY THE WEAK WILL PERISH, AND ONLY THE FITTEST SURVIVE (Robert W. Service)–MATH THAT OUGHT TO BE TAUGHT

January 5, 2014

I bought a car 10 years ago for $10,000 and financed it at 2% for 5 years, because I could get more on the money by investing it than the loan was worth, much as I hate loans for cars.  The salesman told me the payments would be $250 a month.

“You’re wrong,” I said, in about 3 seconds.

“That’s what the computer said,” he replied, as if he were quoting Genesis or a Sura from the Qu’ran.

“It should be about $190,” I replied.  “Go back and do it again, or I leave.”

He left, and returned, about 5 minutes later.  “Sorry,” he said, a little sheepishly.  “Your payments are $187.”

Was I unusually smart?  No.  Anybody with a calculator can do this.  I just happened to estimate, and I work with numbers a little better than the average person.

Here is my thinking, and notice the simple assumptions I make:  Suppose I pay nothing.  $10,000@2% is $200 of interest a year.  Yes, it is compounded and a little more, but learn to estimate and not worry so much about the damned exactness you need.  There is a time and a place for estimation, and it is being lost in teaching today.  I learned by computing batting averages on my favorite baseball players and by estimating cost per ounce, back when these things weren’t available.  It’s a lost art, and I use the word art exactly as it is meant to be.  I don’t need eight decimal places, like the math teacher who used the calculator to find the tangent of 67 degrees to 8 places, when I gave a decent estimate (about 2.25) in 5 seconds.  It is 2.35.  This isn’t a post about trig, but maybe I should do one on the uses of it, too.

Back to the car.

Suppose I don’t pay for 5 years.  My loan has “ballooned” to about $11,000.  Yes, it is a little more than that, but not much.  Five years,  60 months * $250/month is $15,000, far over $11,000.  $250/month is $1000 in 4 months, and 4 into 60 is 15. 

Alternatively, $11,000/60 is like 1100/6, and I know 1200/6 is 12/6  with two zeros attached, or $200.  The payments must be below $200, and not much.  I estimated between  $180-$190/ per month, and I rounded it upwards.  I saved $750 a year in payments.  Not knowing and using math is a tax that not only the Republicans aren’t going to repeal, by their refusal to fund education adequately, they are ensuring many people pay for it.  That is shameful, but again, I need to get back to the subject.

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I listen to the Suze Orman show, often amazed at the financial stories people tell.  The latest was from a woman in Texas who had buried $300,000 in her backyard, and had it there for at least 20 years, because her grandparents had done this.  The woman said, rightly, that interest rates now were near zero.  Suze countered by saying  that the interest on that in the past 20 years would have been $50-60 thousand.

“I don’t think so,” replied the woman.

Based on what?  I wondered.  She doesn’t think so?  This is not a debate about who is going to win the wild card playoffs or the Super Bowl.  This is about pure math, where there is a pure answer.

The average interest rate in the past 20 years has been, by a quick look at a graph of CD interest rates, about 2.5%.  That is the worst possible CD.  It is not what would be gained by a 5 year CD, for example, which would have been at least 4%.

If she puts $15,000 a year away, she will make $375 a year using simple interest, which is not what is paid.  Interest is continuously compounded.  The second year, she has another $15,000, and she now doubles her interest, but that is an underestimate, too, so she has made $1125 in interest.  This now becomes even more in the third year, and the fourth, and so on.  There are online calculators that are fast at computing what she would have after 10 years of doing this at any interest rate you want, any way of compounding, and any way of depositing the money.  Suze was right.  The woman would have made at least $50,000 in interest during this time.

The woman might not “think so,” but she is wrong.  Burying money in a backyard, of course, is a horrible idea, since once it is gone, it is gone.  Survivalists believe big government will take everything; they would do well to worry about little people, like other survivalists, who watch what they are doing.  Survival of the fittest goes to those who are fitter in math.  That is today’s story.

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Here are a few mathematical rules you need to deal with finance.  They can all be proven, so to say, “I don’t think so,” requires you to show me a mathematical proof why it is not so, not assume that repetition establishes validity, a sadly common approach to things that don’t appear to make sense.  This approach is well on the way to ruining the country, but that, too, is a story for another time.

Rule of 72:  

72/interest rate in %  = years it takes to double money, debt, or any other growth rate. 

72/time it takes to double in years=interest rate in %.  

It is that easy.  Interest rates of 1% double money in 72 years.  Population growth of 4% doubles population in 18 years.  That should be scary, but I’ve been harping on that issue for 40 years with no success.  We have no children, and it won’t likely be our problem when nature readjusts matters.  I do digress a lot when I discuss this stuff.  My apologies.

Rule of 110:  Tripling time.  At 4% interest, money triples in 27.5 years.

Rule of 40:  Halving time, increase of 50%.  30% credit card debt interest rate increases the debt 50% in 1.3 years.

Actual return on a real estate investment:

You buy it for $50,000 and sell it for $100,000 8 years later.  You double your money in 8 years, and 8 into 72 is 9, so you make 9% interest.  Right?

No, wrong.

You buy it for $50,000 and pay $2000 in various fees.  During this time, you pay property taxes of $1000 a year, so your total cost is about $60,000.  Notice how I use the word “about.”  Math is a pure science, but estimation is valuable.

You sell it for $100,000 and pay $7000 in fees.  Your capital gain is $50,000, and let’s say you pay 15% on it.  That is $5000 + half of $5000 (15% is 10% + 5%; 10% of anything is the number minus the last digit.  Five per cent is half of 10, so a capital gain of $43,000 is 10%  $5000 (lose last digit) + half of it $2500, or $7500.

Your net on this is $100,000-$7000-$7500=$85,500

We’re going to do this without a calculator.  The money paid was $60,000 and you got 85,500.   Half of $60,000 is $30,000, and the two added together are $90,000.  True, that isn’t $85,500; the latter is about half as much but not quite, so the rate of return will be somewhat lower than the Rule of 40 will tell me.

Use the Rule of 40.  40/time=interest rate OR   40/interest rate=time

We have time.  40/8=5%, which is higher than the actual rate of return, because we assumed the gain was 50%, when it was in fact closer to 40%.  The actual rate of return is 4.3%, far below the 9% that the real estate people will tell you and in the ballpark of the predicted 5%.  In the real world, where I live, there are things called closing costs, property taxes, insurance, repairs, and capital gains taxes.  They have to be factored in, too.  You may or may not get a tax deduction for the payments.  In my world, I’d get rid of them for second homes or mortgages over $250,000.  But again, I digress.  I do a lot of that, when people ask how we are going to balance the budget.

I can prove all of this using the interest formula.  I know it and used a calculator to check the various rules many years ago.  What I wanted to show here is that estimation can be useful, a calculator may be used for the estimation, should one wish, but one can become very, very close to the actual rate of return, close enough to be useful.  Does it really matter whether the rate of return was 4 or 5% vs. 9%?  You decide. If it does, then use the exact formula.  It works.  But if you want an estimate, you are capable of doing it yourself.

Here’s how to determine good rates of return.  Google “calculator.”  Put in the amount you made and divide it by the amount you paid.

You pay in 80,000 and 6.5 years later you have $100,000.  Enter 100,000 and divide it by 80,000.  Then press the button called “ln” and “ans” and you will get 0.223.  Divide that by 6.5, and that is your rate of return.

Next  press ln and then 2.  You will get 0.693.  Converting decimals to percentages gives us 69.3, and we use the rule of 72, not 69.3, because 72 is evenly divisible by 2,3,4,6,8,9, and 12.

Press ln and 3, and you get 1.098.  Change to percent, and that is where the rule of 110 comes from.  Want the time for 3.5 x the amount of money?  ln 3.5 and you get 1.25.  That is the rule of 125, should you want that.  I showed that to a young man who wanted to be a stockbroker but couldn’t understand why he was learning crazy formulas.  Nobody had ever told him about these rules or the fact with a calculator, you could really do some really neat stuff. He walked out of the room a different person from the one who walked in.

“I don’t think so,” is a bad argument in math.  Don’t use it, unless you know what you are talking about.  Leave it for the social scientists, when we decide whether long term health insurance will save costs, factoring in net present value, likelihood of hospitalization, effectiveness of preventive care, and using multivariate analysis.  There are far more assumptions they have to make, like whether people can really see primary care doctors when they want to, or whether Americans are too impatient to wait and will go to urgent care.  This affects the results, but the math is still helpful.  But for earning power of money, and the cost of debt, learn the rules.  They work.

INTEGRATING LOG X

December 16, 2013

On an autumn day 15 years ago in Las Cruces, New Mexico, I sat in a Math Stats graduate class.  The teacher was discussing some function and came to the part where he said, “Oh, now we have to get the integral of log x.  I can’t remember what that is.”

With that question, my stats teacher had just opened a life changing door that neither he nor I knew existed.  The class, mostly in their 20s and early 30s, was silent.  I was the oldest person in the room, even having four years on the professor.  I quietly said,

“It’s xlog x – x”.  I continued, “you integrate it by parts.”  My classmates and professor looked at me as if Einstein had been reincarnated.

The class moved on to other subjects that day, about which I knew nothing:  moments of functions, and other aspects of beginning graduate level statistics.  I would have many difficulties in the coming 20 months, but that day changed my life, and my teacher’s, too.

He later became my advisor, and said when I left NMSU that it had been a long time since he had enjoyed a graduate student as much as he had enjoyed working with me.  I had a very difficult two years at New Mexico State, but I did pass with a 3.89.  I took graduate level statistics starting at age 49, and I got through the program in two years.  The last semester wasn’t pretty, but I finished it.  My advisor helped me finish in two years, when many stayed longer to finish their thesis.  I was grateful to him for that.

My advisor told me that the day I knew the integral of log x was the day he realized I was for real.  He did not give out praise often.  When I determined the mean and variance for a godawful hypergeometric function using a technique that I was frankly quite surprised I figured out, I showed it to him.  He agreed, and as I walked out the door, called to me: “That was a slick piece of work.”  I remember that as one of the top 5 compliments I got in grad school.

Chance occurrences one might say.  Perhaps.  I have, however  been amazed at how often supposedly “chance occurrences” appear.  I was volunteering in a calculus class when limits of the function: y= x squared, was discussed, when x was 0.999999.  The teacher said, “I need a calculator for that,.   From the back, I stated “no you don’t,” and gave the answer, exactly, to 12 decimal places.  The year before, I had seen that problem, wondered if there were a pattern to squaring numbers that were all 9, found it, and happened to be in the class the following year.

Or the day in a quality improvement course in Salt Lake City, where the discussion centered upon diseases common in “the three Scandinavian countries.”  Without thinking, a major flaw I have, I blurted out, “There are four.”  The teacher looked at me and said, “Name them.”  There was no problem with Denmark, Norway, and Sweden, I suddenly realized Finland wasn’t one, and somewhere from the recesses of my brain, I dredged up “Iceland.”

Why?  Am I unusually intelligent?  No, I am not.  Plenty of people are a lot smarter at many things than I, including math.  What I have learned over the years are two fundamental facts about learning:

  1. If you learn something really, really well, you will eventually forget it if you do not use it.  But if you ever need it again in the future, with a little reading, it will come back quickly.  It doesn’t matter if it is math or playing the piano.  I  had to relearn calculus after 30 years of never seeing a derivative or an integral.  One day, I happened to see the integral of log x, and for whatever reason, it stayed with me.
  1. Know your learning style, which is how you learn best.  Do NOT let teachers tell you,”You don’t have to write this down,” if you feel you should.  Write it down.  Do not let people say that we learn like children or “adult learning theory says…..”  We are not children, and adults have different learning styles, too.  Mine is very different from most adults, and I have struggled a good share of life until I understood what my learning style was.

I am a slow processor.   When a financial advisor explains a trust, a company’s prospectus, or a host of other issues, I cannot understand what they are saying.  I need time.  I understand numbers quickly; finance is a different matter.  I was also an average medical student in gross anatomy.

Being a slow processor, however, comes with a big, big advantage.  Once I learn something well, I keep it forever.  The first time I knew that was in my clinical rotation in surgery when somebody asked me where the nerve that eventually caused tearing left the skull.  “The hiatus of the facial canal,” I stated, and the expression on the surgeon’s face was priceless.  Nobody had answered that question right the whole year.  In anatomy, I was average; the following year, I had the same knowledge I had before, but the fast learners had forgotten it faster.  Both groups have advantages and disadvantages.  It isn’t only fast or slow processing, either.  It is a matter of vision, hearing, touch, taste, and smell–our senses–that help us learn, too.  Some are primarily one, other a combination.  It is useful to know what works for oneself; no, it is more than just useful.  It is essential.\

Education is never wasted, said Moira Gunn, when she was once told that a woman engineer from Purdue should not host a radio show about technology and science.  Today, her “Technation” show is arguably the best show-podcast for science information.  She knew how to interview people, and her life took a direction I don’t think she ever dreamed it would.

Jay Anderson was a Winnipeg meteorologist whose interest in solar eclipses and weather were melded into a climatology page for very solar eclipse.  Every “chaser,” and the number is increasing, knows who he is.  His page is free; the information astoundingly good.  He never would have believed he would be a household name in the eclipse chasing community.  I will be doing ground views of the eclipse path in Oregon the next three years, before the 2017 eclipse. I never thought I would chase solar eclipses; now I am helping a little with the climatology for the next one to cross North America.

Integral of log x? Something odd that you learned that you think is worthless?  Perhaps. Maybe, however, it will be life changing.  Keep your mind open to opportunities.  You can sometimes log a few more than you thought.

CREATIVITY: MUSIC, ART, CHEMISTRY, AND THE ABILITY TO SQUARE A NUMBER MENTALLY THAT NO COMPUTER ON EARTH CAN DO.

December 14, 2013

The other day, I went to a Christmas party held by a financial group who helps me deal with the morass of American finance.  One of the people in the group was a member of The New Christy Minstrals, a group that goes back to “my era.”  I was impressed.  He has entertained in each of the 50 states.

The party was held at an auditorium, and I had no idea what to expect.  I had a 1300 mile drive ahead of me the next 2 days, and I didn’t plan on staying more than a few minutes.

I stayed more than an hour.  Members of the group had made a band, and other employees danced when asked to appear.  It was wonderful.  My advisor was one of the musicians, and he knew the history of jazz and American music from a century ago.  I learned that “Barbecue” was once slang for “pretty woman”.  I didn’t know that.  When I open my mind, I learn a lot of things, which help me become smarter.  A lot of people call me young, but at 65, I am old.  I happen to keep my mind tuned to new things and try not to disparage or remove them from thought because of my preconceptions.

I listened, and I enjoyed.  I listened, and I started writing, in my head kind of writing, things that the music evoked in me.  What I was seeing on the stage did not evoke an article at all.  It just made me think. Five days later, what I saw on stage became, in five minutes, an article.

Writing is a lot like music in that regard.  Musicians sometimes “get a song” in their head and start to write and polish it.  Sometimes, they have jam sessions, feeding off one another.  A solitary writer like me can’t do the latter, but I feed off of what I see, almost never at the time, but days later, when I didn’t even know the initial moment was special.  I happened to see a video on Facebook that showed South American children making instruments from stuff in a landfill.  That reminded me of music,  the advisor  playing it, how I admired his creativity, and I started to write. There is a story in a lot of things in life; sometimes, it takes another story or an incident to trigger them.

I write.  That is creative.  Oh, it doesn’t bring people to the blog very often, but it allows me an outlet, just as much as the guy who plays on a city corner JUST FOR THE SAKE OF CELEBRATING LIFE BY PLAYING MUSIC.  I write for the sake of celebrating life by combining words and punctuation in ways they have never been combined before.

I never looked at myself as creative, because society often defines creativity as music and art.  That is wrong.  Every writer is an artist, and every artist a writer.  Both are creative.  So are mathematicians, statisticians and chemists, too.  Society calls mathematicians nerds, and it is acceptable not to be good at math.  Statisticians ask the right questions and help design (read: create) studies, and chemists create new compounds.  In 1970, I created ortho-phenyl benzhydryl chloride.  It never existed before, except in theory.  I made it.

Tell me, is it not creative to be able to multiply any pair of two digit numbers in my head faster than a calculator?  Is not the ability to do this in three different ways creative?  Is not my ability to have discovered arithmetical tricks that I have never seen in books creative?  Is the fact that I found the pattern for MENTALLY, NO CALCULATOR NEEDED squaring any number that is all 9s*, that no calculator on Earth can do, because it doesn’t have the space?  Or that I can square any three digit number ending in 5, as well, faster than anybody can with a calculator?

I write, because if I write well, I read it over and over again.  Not all my posts are that way, but some are.  Some of my words are so powerful to me, that I tear up when I read them.  That happens with music, and it happens with writing.

Inside all of us is some streak of creativity.  I hated it when somebody said, “We are all musicians.”  No we aren’t.  He was, but I was not.  What he needed to say was, “We are all creative, should we look deep inside ourselves.”  That is true.  We may not make a living at the creativity; my finance guy makes his living dealing with finance, but he makes his life, I would bet, from music.  It defines him, and it shows his celebration of life, just as my writing celebrates part of my life, just as an orthopedic surgeon’s work mending a broken hip celebrates hers, a trucker who knows how to back an 18-wheeler into a small space efficiently celebrates his, or a horse trainer who can without anybody seeing anything being done make a horse do a flying change and a half pass.

These manifestations of creativity have to be seen to be appreciated. I discover that my creativity sometimes lies in areas that I least expect.  I never expected to become a decent writer; I became one.  I never expected to do some of the things I do, such as canoeing all over the North American wilderness.  The ability to maneuver a canoe, to shoot rapids, to put it on one’s head and portage it, making it look so easy that anybody thinks they could do it, ah, that is creativity and the celebration of life.  It’s not a competition, it is a celebration.

Very blessed are those who can make a living from their creativity.  Very human are those who make their lives from their creativity.

9*9=81

99*99=9801    A nine, an eight, a zero, and a one

999*999=998001   Two nines, an eight, two zeros, and a one.

9999*9999=99980001

9 (n times) * 9 (n times)= 9 (n-1 times) 8 0(n-1 times) 1

I found playing the piano difficult.  I found this pattern in about 2 minutes.  Do I make a living from this?  No.  Do I celebrate life from it?  Oh yes I do.

 

QUANTIFYING UNCERTAINTY IN AN UNCERTAIN WORLD

February 10, 2013

In November, 1958, three boy scouts died on Mt. Wrightston, a 2900 meter peak (9453 feet) that rises 1200 meters from the valley floor.  Mt. Wrightston is my favorite hike in southern Arizona.  I have camped on Baldy Saddle (2600 meters) 5 different times, in snow and hot weather, and I have been to the top another dozen times.  On Baldy Saddle, one has simultaneous views below to the western desert, where Green Valley and I-19 are located, and to the eastern valley, where Sonoita and Sierra Vista are visible.  I’ve been on the summit at sunset, alone, with s spectacular 360 degree view and swifts soaring above me.

The scouts died because they hiked in a warm day, and a sudden cold front hit them, with a heavy early season snowfall.  They died from falling and hypothermia.  Today, this would not likely happen.  Weather predictions would have warned against a heavy snowfall, and the warm weather (“the warm before the storm”) would not have changed a winter storm watch, which today would have been posted.  This scenario is playing out in New England as I write.

Weather models showed that a storm would hit New England on the second weekend in February.  On Thursday night, New England was clear.  But every weather model and weather forecaster predicted that two storms, at the time about 1600 km from each other and from New England, would strike New England the next day.  This is exactly what happened.  This is science helping give people time to get emergency supplies and be prepared.  We aren’t praying our way out of this storm:  it is coming, we know where it will be, and we will have a good idea of how much snow will fall.  There will be some differences from what is forecasted, but the major event will take place, and it is science that is used to make this forecast.  I stress science, because members of the House Science Committee included Todd Akin, of “a woman’s body blocking pregnancy from illegitimate rape” fame, and Paul Broun, who, still present, doesn’t believe in climate change, the Big Bang Theory, and evolution.  He does believe in the pit of hell, for which I have no evidence; I have plenty of evidence supporting the other three concepts.  Broun and others would love to defund NOAA and the NWS, hoping, presumably that their states (Missouri and Georgia) would not be devastated by either tornadoes or hurricanes.  Given their location and climatology, this is not likely to occur.

Indeed, this is crazy thinking, and I can’t put it any other way.  We can predict with high confidence major tornado outbreaks and hurricane landfalls and strength.  To stop funding these organizations is akin to being the Taliban in this country, and I know exactly what I am saying.  Both of these men, in fact, are more restrictive on abortion than is the Taliban, and that is also a fact.  But back to science.

When I practiced neurology, I used to anti-coagulate patients with posterior circulation strokes, because at the time, this was felt to be the appropriate treatment.  It became evident that the consequences of anticoagulation were worse than any potential benefits, and I had to stop the practice.  That is science acting.  I did what I thought was best, and when it did not work, I changed what I did.  Many doctors, when faced with evidence that surgery for asymptomatic carotid artery stenois was more risky than no surgery, still operated.  I took a great deal of heat for my beliefs, but I changed my practice.

A while back, I got into a Facebook argument with someone who did not believe that manmade climate change was occurring.  He asked me to make my case without using models.  Why?  Perhaps it was because this individual was a realtor, and we all know what happened to the housing market, when mathematical models failed to include the possibility that prices might actually decline.  The fact that one is a realtor and not a scientist does not a priori make his arguments specious, but his quoting a magazine that was not scientific and had significant right-wing biases in unrelated articles hurt his case.

The Facebook argument occurred for a short while, before I quit, out of respect for the individual’s “wall” on which I was posting.  I let my “opponent” have the last word.  What he used as “proof” was an 8 year trend line, without regression diagnostics, that showed the Earth was cooling.

Let’s discuss trend lines briefly.  They are regression analyses of scatter plots, data points tracked on two axes.  For a regression analysis to be accurate, one has to assume the residuals, the difference between a data point and the line generated, are normally distributed (have a Gaussian distribution or a bell curve) with equal variance.  Regression requires this.  In addition, there are several other diagnostics one should use, looking at outliers and other aspects of the data.  Nowhere in the article that the person quoted was any of this mentioned.

Why would I not use models?  Statisticians use models all the time; most scientists do.  We model the weather using a variety of weather models.  I find some to be very good; the predicted rain and strong cooling that Tucson has as I write was a significant likelihood to me about a week ago.  I could see the jet stream predictions, and when they held up day after day, I became more confident.

We model the Earth’s climate the same way.  The fact that models may be wrong does not make them a bad idea.  The fact that models differ does not negate the whole concept of modeling.  Models may use different initial conditions and handle variables differently.  They change over time, as new data become available.  What we believe in science changes with time as we get more data.  But climate change models are all trending in the same direction; the biggest area of disagreement is that they appear to be underpredicting what is going to happen.

The classic issue of weather modeling occurs with hurricanes, where there are “spaghetti” models–several–each indicating a slightly different track.  Next hurricane season, follow these tracks from the beginning through the end of the hurricane.  Notice how the uncertainty gradually decreases; indeed, the uncertainty in forecasts is far less than it was 25 years ago.  There is not a weatherman discussing these models who does not allude to uncertainty and multiple possibilities.  The fact that there is uncertainty doesn’t mean the models are worthless and that we know little.  The world is uncertain, including the high temperature tomorrow, although we can quantify the uncertainty very well.

Let me quantify uncertainty a little better, using a common example.  If you throw two dice, there are 11 different sums they may show.  To some people, each sum has the same probability.  Anything can happen.  But if I were betting, I would put my money on the sum being 7, and if I were allowed three different sums, I would choose 6, 7, and 8.  These are far more probable then the others: a sum of 2 has a 1/36  probability; a sum of 7 has a 1/6 probability; 6,7,or 8 has a 4/9 probability.  Roll dice 100 times, and you won’t get these exact numbers, but you will be very close to them.  Roll them 1000 times, and you will be very, very close, but probably not exact.

I believe low probability events are poorly understood by many.  The probability of winning Power Ball is about 1 in 110 million.  If we have 220 million players, we would expect 2 winners.  We might, however, have 0,1,2,3,4,5,6,7 or 8 winners.  But 98% of the time there will be 5 or fewer winners, and there is a 1 in 7 chance that nobody will win.  An individual’s chance of winning, however, YOUR chance, is equivalent to picking a random minute I choose between today and the signing of the Declaration of Independence.  Small wonder some call gambling a tax on those who do not understand math or probability.

In Carl Sagan’s book , The Demon-Haunted World, Science as a Candle in the Darkness, he alludes to one problem that really bothers many religious people about science:  science is often right.  We can pray our kids don’t get polio, or we can vaccinate them.  Vaccination has practically eliminated polio in this country–for now.  I am concerned what will happen when a very large cohort of unvaccinated children here are exposed to the virus, which they will be.  Religion and science really aren’t at odds, but when either is misused, it causes a lot of problems.

I am going to Uganda in November, because on the 3rd, in the late afternoon, there will be a 22 second total solar eclipse.  I didn’t pray for this eclipse, I didn’t read it in any religious work, and I’m not wishing and hoping for it, except for clear skies in which to see it, because we cannot yet predict local weather months in advance.  Climatologically, there is a decent probability, but on the given day, it is quite likely I may not see the eclipse, even though it will take place.

I am alive today because scientists found cures for Group A Streptcoccus, which infected me many times, and I got neither rheumatic fever nor acute glomerulonephritis.  From science came the concept of putting a pin in a femoral neck fracture, so when I broke my hip, an orthopedist could put me back together.  So I could walk.  And run.

And hopefully see a total solar eclipse in Uganda.

METRIC FLUENT?

July 9, 2012

I happened to have the TV on, during the Tour de France, when I saw and ad for a $50 gold coin, which was going to be sold for $9.95.  The coin, which looked like the 1 ounce gold coin that the US Mint made, was clad in 14 mg gold.  “Clad” means to wear or to cover.  Fourteen milligrams of gold were used to cover the coin, so it looked like the real thing.

Looks mean a lot in today’s society.  We have to get rid of gray, have white teeth, be the right weight, have the right figure–in short, be debonair.  What is inside a person, which really gives them lasting beauty, does not appear to be to be nearly as important.

So, how much is 14 mg of gold worth?  If you are metric fluent, you know immediately this is a bad purchase.  I might call it a scam.  With a little work, you can determine how much of a scam it is.  Otherwise, you pay $9.95 for what you think is a real 1 ounce gold coin.  Don’t laugh; the company wouldn’t advertise if they didn’t think this was a good idea.  They will likely make a lot more money than I will this year.  After all, looks matter.

Let’s say gold is worth $2000 an ounce, an overestimate of course, but I want to give a clear overestimate of the coin’s value.  One of the problems with today’s math teaching is that many are so calculator dependent that they can’t estimate things.

How many grams in an ounce?  Oh, about 30.  The actual number is 28.35, give or take.  I’m writing this without looking up any numbers.  I know that a pint has 453.6 ml, and there are 16 ounces in a pint (which most students I teach don’ t know either, but hey, they look great in their miniskirts and low cut blouses and tight pants, right?)  Divide 16 into 480 and you get 30, so my estimate is not far off.  And divide 16 into 453.6 and you get 28.35.  Use a calculator if you wish.

Now, you have to get to milligrams, which means you multiply grams by 1000.  This is what makes the metric system so nice to use.  We don’t have 7/16 th of a meter in most calculations, but do any carpentry, and you find sixteenths of an inch all the time.  OK, 30 gm of gold is 30,000 mg, and that ounce is worth $2000, or 200,000 cents.  It helps to convert dollars to cents, but one does not have to.  One may disagree with my opinion,  but so far, this is not difficult math.  That works out to about 7 cents per milligram gold.  You don’t need a calculator and 8 decimal places.  You need the ability to make quick estimates.  If you want to be more exact, 200 divided by 28.35 is not far from 210 divided by 30, and the latter is 7.

Don’t laugh.  Last spring, I saw a math teacher write down the tangent of 67 degrees to 8 decimal places, when he only needed one.  Since the tangent of 60 degrees is sqrt 3, the tangent of 67 degrees ought to be at least 2 and likely a little more, but not 3.   I took a stab at it and was pretty close to the actual number.  Again, it is a matter of estimating, not looking up 8 decimal places.  I don’t expect many to know what the tangent of 60 degrees is, but I do expect high school math teachers to know, without a calculator.

Anyway, back to gold.  This coin has 14 mg or roughly $1 worth of gold in it.  The company is selling nickels with $1 of gold for $9.95.  I don’t know if shipping and handling is included).  How many people are going to buy this?  The guy selling the coin looked good, sounded earnest, and was absolutely sure you should do this.  Today, that counts for a lot.  All of us are subject to make bad purchases based on irrational approaches.  I sure am.

It’s just a question here whether paying more than 9 times as much for something than it is truly worth counts for you.

WHAT IF?

May 6, 2012

A person in their twenties lies in extremis with what appears to be a post-appendectomy intussusception.  The appendectomy was routine, although costs for appendectomies these days are probably well into five figures.

The individual, a marathon runner, died two days later.  Yes, in America, previously healthy people in their twenties can die from appendectomies.  I could go on that we need to learn what happened, so we can drive the mortality from appendicitis closer to zero, but I have long since given up on our learning from medical mistakes.  It is nearly 11 years since I offered a solution, strongly supported by the person in charge of the FAA’s Aviation Safety Reporting Program, that was blown off by 60 different medical organizations or leaders.  I count things.  No, today I’ll discuss the “what ifs” in life, which lead to buying insurance to protect ourselves from “what ifs”.

Did this person have insurance?  No idea.  It is clear that the likelihood of insuring all Americans will have as much success as my error reporting program.  One side:  “I’ve got mine, and the hell with you.”  The other side:  “I’ve got mine, and you need to be helped.”  It is a law that every driver must carry insurance.  Is it perfect?  Nope–only some of are drivers.  All of us are patients, sooner or later.

What if somebody T-bones me at Campbell and River some day?  Not likely, but it sure can happen, and I can be critically injured even by doing everything right except the location and the timing.  What if I have an ACA (anterior communicating artery aneurysm) that blows out, not killing me, but putting me in a nursing home for the rest of my life (blissfully short, since I have addressed this sort of thing in my living will.  Have you?)  ?

What if I slip and fall on a solo canoe trip, strike my head, and drown in 3 cm of water?  That happened to a classmate of mine in medical school.  This stuff happens.  What if I don’t need hospitalization, but I need long term at home medical care, like hyperalimentation, or chemotherapy, or palliative care?

You see, it isn’t just a matter of growing old.  All age does is increase the probability of bad things happening to a person.  But that probability is not zero at any age.

I wear seat belts because they improve the probability I will survive a car crash.  I don’t smoke, and  I am vegetarian.  None of these will protect me from things they don’t help.  All I can do is try to do the right things and hope those things that are really bad don’t strike me.  I don’t expect to live to 90 and then die in my sleep.  I suspect I will get more and more disorders, and if I live long enough, a lot of things will come crashing down, hopefully quickly, the way they happened to my father, whose grandfather’s greatgrandson knew enough to let nature take its course.

What or how each person insures, of course, is up to them.  How they pay for it, and how much the government should be involved should be a matter of discussion, and I happen to be one of those pointy headed liberals who has his and thinks others deserve a chance, too.  And yes, as a percentage of income, I am wayyyyy beyond Mitt Romney, 50% more taxes, for more than 99% less income.

What if I eliminate all my policies?  Wow, the dollars I would save would be great.  But what if?  It goes back to Dirty Harry, whom I wrote about many years ago in these pages.  “I know you’re thinking, did he fire five shots or six? How lucky do you feel?”

The problem is that most of us during our lifetime only have to be moderately unlucky to have a five figure medical bill before we are 50.  When a third of the people in an emergency department get some sort of multiple imaging procedures, the cash register rings up really, really quickly.

And where does the money come from for paying for the care?  Or do we do what Dr. Ron Paul, revered by many, said at a debate?  If a 25 year-old doesn’t have the money, he dies.  Many of the young love Ron Paul, because in part they think they are immortal.  They are a car crash or an aneurysmal blow out away from real problems, and the former has a higher probability for them than it does me.  A nurse I had dinner with one night once said those without insurance ought not to crowd our emergency rooms.  Yes, a nurse.  If you read Harry Potter, you know she and Dr. Paul are Dementors.  They suck the happiness out of others.

I am really analytical.  I can do things with numbers in my head that you cannot believe, like squaring 3 digit numbers ending in 5 or squaring any number that is all “9”s.  But I had one saying I used a lot as a medical director:  “Count what is important and countable.  Honor what is important and not countable.  And know the difference.”

How much does my insurance cost me?  In dollars, I know.  But how much is it worth to me to sleep each night, knowing my wife won’t be bankrupted by my medical care?  How much is it worth to be knowing that if I have long term care needs, there will be coverage?  How much is it worth to the country, and to the people affected, to have coverage?  You see, not everything has a dollar value, and the Dementors out there are missing that point.  Doing the right thing is worth something; I just don’t know how much it is worth.  What if it is worth a lot?  What if we actually did something?

 

*Squaring numbers end in 5.

The last two digits are 25.

The first two digits are the number before the 5 multiplied by 1 plus that number.

 

(x+5)  [a number ending in 5]  (x+5)= X^2 +10x +25.  (x^2 +10x)=x(x+10), and x+10 is simply the number before the 5 (which is a tens) plus one.

 

**Squaring numbers that are all 9.  Look at the pattern.

9*9=81

99*99=9801  9 in front, eight, zero, one (one less nine than what is squared)

999*999=998001  (two nines, eight, two zeros, one)

999999*999999=999998000001   (five nines, eight, 5 zeros, one).