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"In a similar case, rival Goldman Sachs agreed in April to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis
by isolli 10y ago
"In a similar case, rival Goldman Sachs agreed in April to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis." [1]
I don't know why the fine is lower, but it's the same order of magnitude...
[1] https://www.theguardian.com/business/2016/sep/16/deutsche-bank-must-pay-14bn-fine-to-settle-us-mortgage-case https://www.theguardian.com/business/2016/sep/16/deutsche-ba...
- deleted 10y ago[deleted]
- _Codemonkeyism 10y agoThanks for the link, though isn't it 5,1x10e0 vs 1,4x10e1 and doesn't that mean it's not the same order of magnitude (I might misunderstand the concept)?
- dhimes 10y agoNot to put too pedantic a spin on ballpark expressions, but the 5 rounds up to 10
- _Codemonkeyism 10y agoI think you don't round up, both have 2 significant digits.
- dhimes 10y agoI may be seriously out of date, but "order of magnitude" was (c.1990s, and again, pedantically) the nearest power of 10. This is the way we taught it as well (those estimation problems in the first chapter of your physics text). Conversationally it was used more with a "wild ballpark" meaning. We would say "of the order of 3000" but strictly 3000 was of the order of 1000. 5000 was of the order of 10000. Etc.
- mdda 10y agoAre they different by a factor of 10 or more? If not, then they're within an order of magnitude (base-10).
- isolli 10y agoThanks, this is my definition too!