Math question: Hourly Rate

Date: 5/05/2000
From: Jim Geary
Newsgroups: rec.gambling.poker
Subject:

Original Question:

"Okay, I admit it: I haven't taken a math class since calc as a junior in high school. So I'm drawing a blank. Help?

Say I've got 300 or so hours playing 3-6, and my hourly rate is 3.3BB. And say I've got 150 hours playing 6-12, and my hourly rate is 4.2BB. Can I calculate my overall hourly rate? How do I do that?"

OKJohnny's Response:

Hi here it is ---300x3.3 plus 150x4,2 all added togeather then divided the sum by 2 = the avg rate Stay Lucky O.K.Johnny

JG: I think what Johnny was trying to say was:

  
 oo
 --|
 \
 >    $
 /      n
 --|
 n=0
  
 -----------------      = AVERAGE HOURLY RATE
  
 oo
 --|
 \
 >    hours
 /          n
 --|
 n=0

which, in the spirit of Weidemanism will now coopt from Johnny and hereby declare the above the Geary Hourly Rate Principle. Thanks, Johnny.

Last Modified 1/18/01


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