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Math pedants of the world: If you calculate 1-(1-x)^(1/4), the difference between the true answer and x/4 is approximately 3 * x^2/32. For a figure of y percen
by conistonwater 12y ago
Math pedants of the world:
If you calculate 1-(1-x)^(1/4), the difference between the true answer and x/4 is approximately 3 * x^2/32. For a figure of y percent, this is a relative error of 0.375 * y percent. Ignore it when y is small.
The GDP figure is only known to something like 1 or 2 decimal places.
- deleted 12y ago[deleted]
- mtdewcmu 12y agoIf I'm not mistaken, if you keep following that thread, somehow or other you eventually get e. I hope that wasn't too much pedantry.