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Math 5: Dividing Fractions to Determine Business Growth or Loss 11 Views
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Description:
“But when will I ever use math in real life?” you ask. Here. Literally right here. You’re welcome.
Transcript
- 00:02
[Dino and Coop singing]
- 00:12
So you know how to divide fractions…congratulations! [Confetti falls on student]
- 00:15
But will this new skill do you any good in the rough-and-tumble world of business, where
- 00:20
people are more interested in making loads of money by any means necessary… [People looking angry and holding up money and notepads]
- 00:24
…rather than sitting around, quietly doing math?
Full Transcript
- 00:27
Well…yeah, actually.
- 00:28
This kind of math's really important in business. [Students walks across classroom yelling and holding math workings]
- 00:30
After all, yelling angrily will only get you so far.
- 00:33
To see how this works, let's take a look at a couple of examples.
- 00:35
Kim's an accountant at a toy company, but just because there are toys all over the place
- 00:39
doesn't mean that her work's all fun and games. [Kim is knocked over by an RC car]
- 00:41
Right now, she's in a bit of a pickle.
- 00:43
She's looking over the files for their sled division, and appropriately enough, profits [Kim's body is replaced by a pickle]
- 00:48
are going downhill.
- 00:49
She knows that over the last two years, profits have decreased by a total of four fifths.
- 00:54
But she can't find the records that tell her how much profits fell each year.
- 00:58
If she knows that each year's profits decreased by an equal value relative to where profits [Kim thinking about the problem]
- 01:04
were two years ago, by how much did profits decrease each year?
- 01:08
She could spend the next few days rifling through the company's basement, trying to [Kim looking through filing cabinets]
- 01:12
find the missing information...
- 01:13
Or she could just do some math.
- 01:15
We vote math.
- 01:16
Less chance of running into mice and dust bunnies. [Kim's face turns green]
- 01:19
Since the profits decreased by the same amount relative to where profits were the first
- 01:23
year, we can take the total drop, of four fifths…
- 01:26
…and divide it by two, for each of the two years that passed.
- 01:29
Luckily we know a thing or two about dividing fractions, so we multiply four fifths by the
- 01:33
reciprocal of two, one half…
- 01:36
…which gives us four tenths.
- 01:39
And once we divide the common factor of two out of the numerator and the denominator… [Fraction workings on a whiteboard]
- 01:44
…we're left with our final answer: two fifths.
- 01:47
It might have taken a few steps, but it was a lot quicker than a few hours in the basement.
- 01:51
And a lot less dusty, too. [Kim sneezes and a big dust cloud appears]
- 01:52
It turns out Kim has some more incomplete data to wrestle with.
- 01:56
Over the last three years, the jack-in-the-box division saw their profits go up seven eighths.
- 02:01
Again, though, there are some gaps in her data. [Arrows point to gaps in the graph]
- 02:04
If she knows that each year's profits increased by an equal value relative to where profits
- 02:09
were three years ago, by how much did profits increase each year?
- 02:13
Unfortunately, she's unlikely to find the answer in a jack-in-the-box. [Kim winds the handle on the box]
- 02:17
Well, unless the answer is: "a creepy clown face." [A clown jumps out the box and scares Kim]
- 02:21
Time for more fraction division.
- 02:24
Since the profits increased by the same amount relative to where profits were that first
- 02:29
year, we can take the total increase, of seven eighths…
- 02:31
…and divide it by three, for each of the three years that passed.
- 02:35
So we multiply seven eighths by the reciprocal of three, one third…
- 02:38
…which gives us seven twenty-fourths.
- 02:41
With no common factors, we're done! [The missing data is written on the chart]
- 02:43
And bonus: no one got a crippling fear of clowns that hide in boxes. [Kim chucks the Jack-in-the-box away and it explodes]
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