Guys,
I just received this and I thought it was funny enough to forward to
y'all.
Hope you like it as well.
rgds,
Jochen
Munich/Germany
'74 TR6
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Math for this day and age of outsourcing:
Teaching Math in 1950:
A logger sells a truckload of lumber for $100. His cost of production
is 4/5 of the price. What is his profit?
Teaching Math in 1960:
A logger sells a truckload of lumber for $100. His cost of production is
4/5 of the price, or $80. What is his profit?
Teaching Math in 1970:
A logger exchanges a set "L" of lumber for a set "M" of money. The
cardinality of set "M" is 100. Each element is worth one dollar. Make 100
dots representing the elements of the set "M". The set "C", the cost of
production contains 20 fewer points than set "M". Represent the set "C"
as a subset of set "M" and answer the following question: What is the
cardinality of the set "P" of profits?
Teaching Math in 1980:
A logger sells a truckload of lumber for $100. His cost of production is
$80 and his profit is $20. Your assignment: Underline the number 20.
Teaching Math in 1990:
By cutting down beautiful forest trees, the logger makes $20. What do you
think of this way of making a living? Topic for class participation after
answering the question: How did the forest birds and squirrels feel as
the logger cut down the trees? There are no wrong answers.
Teaching Math in 1996:
By laying off 402 of its loggers, a company improves its stock price from
$80 to $100. How much capital gain per share does the CEO make by
exercising his stock options at $80. Assume capital gains are no longer
taxed, because this encourages investment.
Teaching Math in 1997:
A company outsources all of its loggers. They save on benefits and when
demand for their product is down the logging work force can easily be cut
back. The average logger employed by the company earned $50,000, had 3
weeks vacation, received a nice retirement plan and medical insurance.
The contracted logger charges $50 an hour. Was outsourcing a good move?
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