Best way to express: ratio of rates with different time values

Aman R

Your 100 and 400 dollar statement is confusing, and it is not justified also! If guy A works 2 hours per day then weekly average of 100 makes sense.

Zeanah

the dollar values are non important, i know it doesn't make REALWORLD sense that they get paid that. you can use whatever figures you think is justified. Its just whatever those 2 values are for guy a and b, in the form of cents/sec RELATIVE to the value of 5cents/sec.

Zeanah

Determine rate X such that Guy1's total income matches Guy4's total income. 18000 + (6)(365)(X) = 1000000 18000 + 2190X = 1000000 Solve for X (1) Subtract 18000 from both sides (2) Divide both sides by 2190 X = (1000000 - 18000) / 2190 X = $448.401826 per hour (rounded) In other words, Guy1 would need to earn about 12.45561 pennies per second from working on hobbies 6 hours every day, in order for his total annual income to match Guy4's $1,000,000. need to determine the rate of diff task.

Nirenberg

How about if somone works only one hour a year and makes $10,000? Do you consider this an efficient use of time?

Nirenberg

It is not clear what you are exaxtly looking for.

Zeanah

I will try to explain in terms of mmorpg video game logic. doing certain tasks take x amount of time, and bring x amount of reward. this translate in a rate. Think of a forum post - a guide - "farming these monsters you earn 80,000 gold pieces per hour. If that doesn't align with what your capable of doing, and money is your main intent, you will look for a different guide or method that does suit your needs. The primary point being...

Zeanah

That throughout the year, you partake in many different task, that bring in different rates of gold pieces/hour. Some task you engage in more frequently, some, as you say, can be 10,000/ 1 hour. Either way, that 1 occurance translates into a rate of gp/sec. 10,000 in 1 hour is a rate of 27 cents/second, well over what is needed to make 1m per year. But say the frequency happens once a year. out of 2920 possible hours, only 1/2920 was over the 1m/y rate. (27cents/s)

Zeanah

How do I use this figure to alter/compare to my ever-changing "averaged" task rate, which acts like a 'score' of comprised instances of a task. In other words, how do i average different rates, made of different denominators of a time (seconds). My thinking is to convert it into a fraction, or cancel out the time aspect as to obtain a figure that represents this with a 1-dimensional "score" figure, not the 2-d (gold pieces/ sec)

Nirenberg

Still not clear. Forget about the averages. What is your major goal here? What are you looking to accomplish if you want to summarize it in 2-3 sentences?

Zeanah

I want to time myself doing various tasks, Using the most rudimentary methods and tools, and multiply that by the rate my current employer pays me. I then want to add a tool that Will lower the amount of time it takes to do the very same task. However much time is saved should be converted once again into a monetary value, 'given to the tool'. Seeking to maximize the frequency of whatever task brings the highest rate of return per second, I need to rank tasks to prioritize.

Zeanah

This video may help. I want to give stats to tools based off how much time they save as compared to the crude alternative. But also, as I do task, track how much I am theoretically earning by doing it. Its a real life video game, where certain tasks contribute to the score, which Is/am calling: a persons "worth per second"

Zeanah

https://youtu.be/h0fHm2rDmOo

Lhs1002

The video did not help. In fact, I am now more lost than before.

Zeanah

https://www.freemathhelp.com/forum/threads/a-real-world-word-problem.134860/#post-570261 posed question in a more clear manner here.