?

Log in

No account? Create an account

Puneet · Nayyar


I want the Comic

Recent Entries · Archive · Friends · Profile

* * *

To get a dead tree comic I am doing this. As you can see, I really really want it.

A friend of me asked these 5 questions long long ago...

The rules:

  • Leave a comment, saying you want to be interviewed.
  • I will respond; I'll ask you five questions.
  • You'll update your journal with my five questions, and your five answers.
  • You'll include this explanation.
  • You'll ask other people five questions when they want to be interviewed.

 

1. During the past few months, major league baseball players were in the process of  negotiating with the team owners for higher minimum salaries and more fringe benefits. At  the time of the negotiations, most of the major league baseball players had salaries in the  $100,000 - $150,000 a year range. However, there were a handful of players who, via the  free agent system, earned nearly three million dollars per year. Describe the advantages and disadvantages of the median and mean in describing the 'average' salary.

The handful of players are outliers. The best approach for this analysis would be finding mean, standard deviation and skewness of data. Mean and standard deviation should be found out ignoring the outliers and skewness should be visualised using curve projection. Curve projection can be done with or without the outliers. However the gradient and the main projection area should not be compromised to include outliers.

Mean : Mean is simply the average of the data. The handful of outliers would distort the mean. However this would also depend on the numbers of players in the given range, In case the outliers are less than .5%, mean can be assumed to reasonably represent the given data. However mean as a standalone figure should not be used. Using standard deviation with mean would give us a reasonable estimate of the data.

Median : Median is the middlemost value of a population. In case of this data, median would be reasonable figure if the population was more than 1000. Then the median would ignore the outliers without moving away from the middle of distribution. Median would be useful here when viewed with mode of the frequency for small ranges within the given range.


2. If you were not an actuary, would you have married Ms. Singh?

No. As much my friends might have downplayed her nuisances, I would have got sense knocked into my head somehow. It might have taken some more time though.


3. Would you have married her anyways? huh? huh? huh?

No. As I went further in my Actuarial exams, comparing Assets and Liabilities took the top priority. Now I compare them for a long future term. Sometimes 100 years.
Liabilities at that time were already more than Assets but my actuarial exams would have helped me to compare them for the long term. The Net Present Value figure would have been used in enforcing the decision.
Do I need to say more?

4. Which Hindi Movie comedian do you most identify with?

IS Johar. That deadpan humor is me.

5. Name one person/thing you love with so much passion, it actually hurts.

My Actuarial exam pass certificates. Try touching them sometime, it'll actually hurt :)


I have been a nice boy. Now do I get the comic??

Current Mood:
optimistic optimistic
Current Music:
Jerry Lee Lewis - Great Balls of Fire
* * *
* * *
[User Picture]
On December 1st, 2005 04:04 pm (UTC), anupma commented:
Man, you are funny! Your reply to #3 had me laughing out so loud that my family thinks I am a wacko who laughs sitting alone in front of her computer.
[User Picture]
On December 4th, 2005 05:23 am (UTC), pun23 replied:
Thank you :). #3 is pure actuarial humor. Want to have fun? Match Assets and Liabilities. :D
* * *
[User Picture]
On December 2nd, 2005 06:34 am (UTC), serioussam commented:
This is what I call a rockin post. Let the contest end, but I do think you have earned a few solid points here. :P
[User Picture]
On December 4th, 2005 05:24 am (UTC), pun23 replied:
I want it. I want it. I want it. Its been 2 weekes since my exams ended and all I have read is Harry Potter 1 and One Night @ call center.
I need the comic....
[User Picture]
On December 6th, 2005 06:21 am (UTC), serioussam replied:
No money rigt now dude, but will lend you some other good stuff to read this weekend, promise.
[User Picture]
On December 9th, 2005 06:39 am (UTC), pun23 replied:
meet me this weekend. HAVE to discuss some important things with you.
* * *
[User Picture]
On December 3rd, 2005 11:37 am (UTC), arunjeetsingh commented:
Aha!
"It might have taken some more time though."

That is until I, illustrious master of flailing feet, "kicked" in. Oh, and I NEVER downplayed her nuisances.

41
[User Picture]
On December 4th, 2005 05:26 am (UTC), pun23 replied:
Re: Aha!
Oh yes. You were my best friend when the ordeal ended. :)
[User Picture]
On December 6th, 2005 06:20 am (UTC), serioussam replied:
Re: Aha!
Of course, he was, he 'kickstarted' the saga, didn't he?
* * *
[User Picture]
On December 8th, 2005 01:00 pm (UTC), anand commented:
Amazing post dude,

As for Ms. Singh lets just say you started of on the wrong "foot"

[User Picture]
On December 9th, 2005 06:43 am (UTC), pun23 replied:
Ya, 'foot' comes in a lot of times when we discuss her.
* * *
On February 9th, 2007 03:24 pm (UTC), (Anonymous) commented:
hello
It's realy great thing! You only think a some - you can get everything only by clicking pictures - all thet is inet! And i'm glad that your site is part of this massive all the world network!
* * *
On February 21st, 2007 07:54 am (UTC), (Anonymous) commented:
hello
Hello! Nice resource. Thanx.
* * *
On June 24th, 2007 01:46 am (UTC), (Anonymous) commented:
hPPUFsVTzF
FLl71F simpson2.org.ua
* * *
On June 24th, 2007 09:07 pm (UTC), (Anonymous) commented:
fSZgIiXzOlfVujH
mUxbnR
* * *

Previous Entry · Leave a comment · Share · Next Entry