if the Federal Reserve lies about the numbers.... what don't they lie about?
The Fed says this is a cube of $1M. They're off by half a million
121–130 of 578 posts
Re: The Fed says this is a cube of $1M. They're off by half a million
#122This good article contains a photograph of a million quid nailed to a wall. Since burnt by scoundrels
Re: The Fed says this is a cube of $1M. They're off by half a million
#123> All I wanted was a way to click on things in a photo and have the number go up. > You’d think this would already exist, a browser based tool for counting things. Just want to point out that these apps do exist, perhaps not browser based. For example: https://www.countthis.ai/
I spend more time counting things than most people. I use the ‘Count’ tool in Bluebeam Revu (an architecture/construction pdf editor) when doing material takeoffs for construction estimating. You need to do a lot more than just count when doing a takeoff, so there really isn’t much use for a counting specific tool in my industry.
Bluebeam Revu can also do visual counts for specific symbols/images provided the drawings aren’t too busy, that is one use of AI I would like to see (automated takeoffs) so I don’t have to click thousands of light fixture symbols every year. One problem is that construction drawing are 2D and height information isn’t always present so measuring distance and accounting for rise and drop is difficult to automate, I use google maps street view frequently to gather height info (calibration is based off a standard commercial door at 80” x 36” or a CMU at 8” tall) if I don’t visit a site. Due to this and other factors, I think accurate construction estimating will be difficult to automate completely with LLMs, but the process will definitely be sped up by them.
Re: The Fed says this is a cube of $1M. They're off by half a million
#124It's funny how all the comments seem to assume the conclusion is correct. I think it is far more likely that it is exactly $1M (plus or minus a couple of percent margin of error), and that the packing isn't uniform. It seems extremely unlikely to me that they would fuck it up so bad as to have $500k more in the box than claimed.
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Re: The Fed says this is a cube of $1M. They're off by half a million
#125> For all we know, the middle is just air and crumpled-up old newspaper. I think this is the answer. I suspect the exhibit designers had a cool idea for a display, did a rough estimate of the area needed and then commissioned the exhibit builders to make the big metal-framed cube. Either they made an error in their calculation or the innate variability in the size of stacks of used bills threw it off. It's also possi…
What’s the point of disseminating the technical reasoning behind it?
I think it’s better served to use this as an analogy of how the federal government handles money.
Re: The Fed says this is a cube of $1M. They're off by half a million
#126It's funny how all the comments seem to assume the conclusion is correct. I think it is far more likely that it is exactly $1M (plus or minus a couple of percent margin of error), and that the packing isn't uniform. It seems extremely unlikely to me that they would fuck it up so bad as to have $500k more in the box than claimed.
in that case you would have to assume they stacked the money first, measured, then build a box to fit it
Re: The Fed says this is a cube of $1M. They're off by half a million
#127> For all we know, the middle is just air and crumpled-up old newspaper. I think this is the answer. I suspect the exhibit designers had a cool idea for a display, did a rough estimate of the area needed and then commissioned the exhibit builders to make the big metal-framed cube. Either they made an error in their calculation or the innate variability in the size of stacks of used bills threw it off. It's also possi…
Yeah, there's no way they piled the cash into a square on the floor and then measured it and then had the box made based on the measurements. They had the box made FIRST based on rough calculations, being sure to over-estimate it's size on purpose, knowing they can fill the interior with cardboard boxes as needed to space things out.
Re: The Fed says this is a cube of $1M. They're off by half a million
#128Earlier quoted context omitted.
I do not understand the claim the Fed is not a government agency?
They're an IA. https://en.wikipedia.org/wiki/Independent_agencies_of_the_Un... The for-profit ones (Amtrak, USPS, etc.) are called SOEs. The loan-related ones (Freddie Mae) are called GSEs.
IA - Independent Agency
Re: The Fed says this is a cube of $1M. They're off by half a million
#129Since the rows counted were not uniform, why assume all 19 under each of them is? As such, it wouldn't have to be hollow, but doesn't have to be neatly packed in the center, either. Hilarious and well written exercise, regardless. Kudos!
Sort of defeats the purpose of visualizing $1M. I'd call this art project flawed in its execution, at best.
Ish? Look up the optimum packing of squares. :D
Re: The Fed says this is a cube of $1M. They're off by half a million
#130In case you wondered, $1M in cash ($100 bills) weigh approximately 22 pounds (about 10 kilograms). Last week I was watching that episode of Better Call Saul where he carries $7M throughout the desert for 36 hours, and realized his bags were supposed to get ripped 4 minutes into the process. -- Calculation by Claude: Here's the calculation: A single US banknote weighs about 1 gram regardless of denomination. So 70,000…
> In case you wondered, $1M in cash ($100 bills) weigh approximately 15.4 pounds (about 10 kilograms). Your answer is incorrect. You asked Claude to calculate $7M, which netted 154 pounds, but you then divided it by 10 instead of 7 to get the weight of $1M. Further, it's quite irrelevant here, as the display involves $1 banknotes, not $100 bills. The correct answer, without the need for an LLM, is: 1 million bills ti…
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