3 ms·
Kinda hard to find answers on Google but here's one that does the same thing I did: https://www.wyzant.com/resources/answers/287237/word_problem https://www.wy
by benatkin 4y ago
Kinda hard to find answers on Google but here's one that does the same thing I did:
https://www.wyzant.com/resources/answers/287237/word_problem https://www.wyzant.com/resources/answers/287237/word_problem
Here's another one: https://www.wired.com/2015/01/coin-jar-crowd-wisdom-experiment-results/ https://www.wired.com/2015/01/coin-jar-crowd-wisdom-experime...
> The actual value of the coins was $379.54. The mean value (x̅) of the 602 guesses submitted was $596.12, about 57 percent too high. What's more, a massive (by crowd-wisdom standards) 40 percent of the individual guesses were closer to the actual value than that of the crowd.
Here "57% too high" you can arrive at the original number by dividing by 1.57.