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Excel Question: % reduction in waste.
- Thread starter Bangum
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ornerynorsk
Industrial
Student post? Sorry, but this is elementary level math.
It is better to have enough ideas for some of them to be wrong, than to be always right by having no ideas at all.
It is better to have enough ideas for some of them to be wrong, than to be always right by having no ideas at all.
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Compositepro
Chemical
Waste is 100%-Yield. Going from 98% to 99% yield is a 50% reduction in waste.
Waste went from 2.14% to 1.78% for a reduction of
16.8 % (as a percentage of the percentages)
0.36% of the total material
Waste is now only 83.2% of what it was.
Been a long time since I read How to Lie With Statistics but you get the idea.
Been in too many conversations with too many weasels who would rather look good than be accurately understood.
Thomas J. Walz
Carbide Processors, Inc.
Good engineering starts with a Grainger Catalog.
16.8 % (as a percentage of the percentages)
0.36% of the total material
Waste is now only 83.2% of what it was.
Been a long time since I read How to Lie With Statistics but you get the idea.
Been in too many conversations with too many weasels who would rather look good than be accurately understood.
Thomas J. Walz
Carbide Processors, Inc.
Good engineering starts with a Grainger Catalog.
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