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Re: (Score: 0)
by Anonymous on Tuesday, November 11, 2003 @ 14:38:32 UTC
"a convoluted attempt to interpret the above sentence."

Your just seeing this now! This is evident in every one of JL's posts. Just bad interpretations.


| Parent

Mixing means and extremes (Score: 1)
by chipotle_pickle on Friday, November 14, 2003 @ 09:47:46 UTC
(User Info | Send a Message) http://freehydrogen.blogspot.com
The examples you come up with mix an extreme with a mean, the rated capacity of the device with what it actually produces. You twice divide a cost by a maximum to come up with an average (that would have to be a min) and assume they are doing the same thing. I would have been all over them if their calculations were as messed up as yours. What they do is take a $15 per month cost, divide it by (30 days/month * 26.6 kWh/day) to get 1.9 cents per kWh of *capacity*. Not 1.9 cents per kWh produced, since they never make any assumptions about what's actually produced. This calculation is correct enough; it's only wrong to compare that to a monthly electric bill without doing some time discounting. They could have been clearer that they meant it was the cost of capacity and probably shouldn't have called it "operational cost" but those are fine points it's unreasonable to complain about. That they got the $15 per month by using a 10 month year in their division is funny partially because it's the only real error on what was otherwise (except for the time discounting problem) a carefully spelled out page.

Your water filters idea is especially off. If the water filters were supposed to be part of a per kWh of *production* cost, then they would have to be replaced not on an annual basis but on the basis of how much power was produced. (That makes more sense anyway.) But just say out loud, "The water filters cost 1.9 cents per kWh.".

It's funny you would say I'm not an economist. Phillip Cagan once wrote me saying much the same thing, but he didn't need to make a bunch of math errors to drive his point home.


| Parent

 

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