3 ms·
> Or, percentiles of the sum of two Normals do not correspond to the sum of the percentiles etc. I once had to spend a day convincing a CFO that consecutive mo
by webmaven 5y ago
> Or, percentiles of the sum of two Normals do not correspond to the sum of the percentiles etc.
I once had to spend a day convincing a CFO that consecutive months of ~X% increases of MRR wasn't the same as
((($MONTHS * X) +1) * MRR)
eg. two months of 10% = +20% increase, 5 months = +50%, etc.
... which is how his spreadsheet was calculating revenue projections.
How does a CFO not understand compound interest?