article thumbnail

The Math Behind Betting Odds & Gambling

CFO News Room

The math underlying odds and gambling can help determine whether a wager is worth pursuing. The first thing to understand is that there are three distinct types of odds: fractional, decimal, and American (moneyline).

Math 130
article thumbnail

India’s Education Tech Giant Struggles With Math

CFO News Room

Private-equity and venture-capital investors in Byju’s, India’s most valuable startup, caught a break this week—the company isn’t listed yet. If it had been, gyrating markets seem very likely to have caused some serious vertigo. The Indian education-technology company finally released audited financial statements for the financial year ended in March 2021 on Wednesday, after an 18-month delay. Losses ballooned but revenue was nearly flat at the equivalent of $304.6

Math 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Do The Math: COVID Shows How Easily The Healthcare System Is Overwhelmed

PYMNTS

Rigorous Math Vs. Calendar Gazing. So the math to match supply and demand has to be very, very rigorous. Each asset had its supply-demand math done perfectly.

Math 94
article thumbnail

In 2023, CFOs must connect math to mood and facts to feelings: Kailash Varodia, RXIL

CFO News

CFOs must display agility, resilience, curiosity, imagination, people-centricity and a transformative mindset as well as heart, says the veteran finance honcho

Math 52
article thumbnail

New Math: Walmart+ Doesn’t Equal Amazon Prime

PYMNTS

Walmart watchers are out in force today with the launch of subscription service Walmart+. While it has been widely touted as a hedge against Amazon Prime’s runaway growth, when the two programs are stacked side by side, something doesn’t add up.

Math 57
article thumbnail

Pinterest Buys Math Camp To Work On Discovery

PYMNTS

Math Camp, the company that created location-based app Highlight and photo sharing app Shorts, is being acquired by Pinterest. The cofounder of Math Camp, as well as most of the staff, will be coming along to Pinterest once the deal is complete. Math Camp is most famous for Highlight, an app it created a few years ago that was popular during the height of the location-based services craze. Math Camp raised $5.5 Acquiring discovery Math Camp Pinterest What's Hot

Math 40
article thumbnail

The Biden Administration’s New Salvo Against Charter Schools

CFO News Room

The national debate over racial propaganda and sex education in elementary schools is important, but it’s almost certainly less consequential than the continuing inability of our K-12 schools to teach basic reading and math. Students at the Yung Wing School in New York, March 7.

Math 130
article thumbnail

The Mt. Gox Bitcoin Math That Doesn’t Add Up

PYMNTS

The Mt. Gox bitcoin drama got a little more dramatic this week. As a quick refresher, Mt. Gox is the now-defunct bitcoin exchange that shuttered in February 2014 after a mysterious “glitch” caused $500 million worth of bitcoin to go missing. Those bitcoin – or at least most of them — have remained missing ever since.

Math 41
article thumbnail

Kirk Bresniker On Why Naivete Is Key To Tapping Into AI’s Potential

PYMNTS

It’s All Math, All The Way Down. It’s all mathematics, and very high-level probability and statistics — math used in a different way than it ever has been. This is similarly new mathematical ground, which means it needs to be thoughtfully explored — and math, at base, makes a lot people nervous. “At At conferences, when I tell people that AI is all math, half the room turns pale,” he said, jokingly.

Math 58
article thumbnail

COVID-19 learning delay and recovery: Where do US states stand?

McKinsey Public & Social Sector Insights

While two decades of math and reading progress have been erased, US states can play an important role in helping students to catch up. Insights on Education Education United States

Math 77
article thumbnail

Data Casts Its Spell, But How To Create Magic?

PYMNTS

Join Cathy O’ Neill, PhD, data scientist and author of Weapons of Math Destruction , and Nity Sharma, CEO and cofounder at Simpl, to suss out what separates good data from bad and how it can be applied effectively, or not. Innovation Algorithms big data Commerce Innovation Project machine to machine weapons of math destruction What's HotThey wouldn’t call it Big Data if it weren’t … huge.

Math 40
article thumbnail

Making Algorithms Play Fair

PYMNTS

Sometimes, they go so completely pear-shaped that she says they become WMDs: Weapons of Math Destruction. What is a Weapon of Math Destruction? The problem, according to O’Neil, is that to build a good algorithm one needs to do math, which leads people to jump to the erroneous conclusion that algorithms themselves are as neutral as the math that is their origin.

Math 43
article thumbnail

Randi Weingarten Flunks the Pandemic

CFO News Room

An unprecedented decline in reading and math scores is the first national measure of the damage done by school closures to America’s children. Average nine-year-old scores declined the most on record in math (seven points) and in reading since 1990 (five points). The National Assessment of Educational Progress (NAEP) scores for 2022 were released Thursday, and by any standard they are a calamity.

Math 100
article thumbnail

What Is The Most Important Number In The Universe?

The CFO Centre

From the speed of light to the parabolic curve of a free-kick in soccer, maths underpins the laws of the universe. Numbers matter. Our mathematical universe is constructed of numbers. Some we can see. Most we can’t.

Numbers 56
article thumbnail

Idriz Adedoja, Head of Finance Vizlib & Astrato Analytics

Generation CFO

I was really good at hard or further maths, and I was going to teach maths in a secondary school.

Finance 207
article thumbnail

How to Price Discounts in Multi-year SaaS Contracts

The SaaS CFO

Mix multi-year contracts, discounts, and churn into your internal pricing discussion, and you need a degree in math to determine the optimal pricing for you and your customer. SaaS Multi-year Pricing Discounts SaaS pricing can be a pretty complex subject. Multi-year SaaS pricing discounts is a really interesting topic that does not receive enough financial […]. The post How to Price Discounts in Multi-year SaaS Contracts appeared first on The SaaS CFO.

Math 72
article thumbnail

Sharing Insights from My Career Journey

SF Magazine

Career Evolution I wish I could say there was a clear turning point in my career—you could say it was my time teaching high-school math sandwiched in between my time at AT&T and IMA—but I view my career as a continuous striving for professional development and improvement.

Math 52
article thumbnail

10 Monday AM Reads

The Big Picture

Yet the fundamental math of bond returns bodes well for 2023, our columnist says. ( My back-to-work morning train WFH reads: • The sneaky economics of Ticketmaster : Ticketmaster’s maligned fees and customer service issues are again under the microscope.

Math 95
article thumbnail

Yes, Even Algorithms Can Break Bad

PYMNTS

Math, as it turns out, is doing more than making millions of teenagers unhappy over hard homework right now — it’s also making the world less democratic and egalitarian. In the wrong hands, mathematics can become a “WMD” — a weapon of math destruction. Most people, especially those who still have flashbacks about the Calculus SAT II, will probably not find the former all that surprising — they will just add it to the list of things they don’t like about math.

Math 49
article thumbnail

Dobbs and the Economy – WSJ

CFO News Room

But if Team Biden is determined to make it a math argument, there has hardly been a worse moment to make such a case. With states and voters now free to decide abortion policies, it’s understandable that pro-choice politicians would be rolling out arguments for the broadest possible availability of the procedure.

Math 100
article thumbnail

Money for Children’s Education, Not Schools

CFO News Room

urban communities can read or do math at grade level. As schools break for summer, it’s a good time to review the return America is getting on its investment in education. The Census Bureau reports inflation-adjusted spending in K-12 education has tripled since 1970 to a record $751.7 billion. Yet barely a third of all fourth-graders across U.S. The time has come to reimagine the way we pay for education. Let’s stop writing blank checks to failing school systems.

Education 100
article thumbnail

10 Tuesday AM Reads

The Big Picture

The joy of sets : Why won’t our artistic-literary establishment recognise that there’s mystery, beauty and humanity in maths? My Two-for-Tuesday morning train WFH reads: • Are Declining Interest Rates Responsible for Stock Growth?

Math 73
article thumbnail

Ali Lane, Financial Controller at BOL Foods

Generation CFO

Ali’s career started off by taking some temporary finance jobs in the engineering industry after studying maths at university. “I Finding the right balance between profit and purpose is something Ali Lane, Financial Controller at BOL Foods, has been striving for within his career. . “It’s

CFO 207
article thumbnail

Beyond the numbers: What teaching shortages look like in practice

CFO News Room

One seventh-grade math teacher at the school livestreams to the three other schools daily and travels to those schools for in-person instruction once a week.

Numbers 130
article thumbnail

Top Tax Filing Mistakes—and How to Avoid Them

CFO News Room

You make math mistakes. . According to the IRS, math errors are among the most common tax filing mistakes. Always double-check your math, or (better yet) use tax preparation software that does the math for you. Making mistakes on your tax return can cost you money.

Math 130
article thumbnail

10 Weekend Reads

The Big Picture

KCP Group ). • Your Career Is Just One-Eighth of Your Life : Five pieces of career advice, shaped by economics, psychology, and a little bit of existential math. ( The weekend is here!

Math 91
article thumbnail

Top Tax Filing Mistakes—and How to Avoid Them

CFO News Room

You make math mistakes. . According to the IRS, math errors are among the most common tax filing mistakes. Always double-check your math, or (better yet) use tax preparation software that does the math for you. Making mistakes on your tax return can cost you money.

Math 130
article thumbnail

The Best Time to Make a Profit is ALWAYS

Michigan CFO

Regardless of how complex or sophisticated the business is, math is math. It should be a fairly straight-forward answer, right? But if you’re Uber, the answer is seemingly “someday… hopefully”. Uber lost $2.8 Billion in 2016. BILLION.

article thumbnail

The Ultimate Holiday Dilemma: Make or Buy Sugar Cookies

Adam Kae

Want to see the math yourself? It's that time of year again. It seems like we're always in the kitchen! Decorating sugar cookies is one of my favorite holiday traditions.

Math 52
article thumbnail

James Owen, Global Chief Financial Officer, Profiles Division, Kantar

Generation CFO

However, when he didn’t secure a senior contract at Bradford City, he left that path behind and went on to study maths at University. Successful businesses need a culture of making it happen, says James Owen, Kantar’s Profiles division Global CFO.

Math 207
article thumbnail

Mortgage Amortization Calculator

CFO News Room

But we’ll save you the math and let the calculator tell you the estimated payoff date. Check your math: $437.50 + $236.07 = $673.57, the total monthly payment that we calculated above.

Math 130
article thumbnail

Oil & Gas Labor Shortages

VCFO

Renewable energy by nature demands different talent pools with more advanced technical and math skills to help guide the initiatives. Overcoming Labor Shortages in the Oil and Gas Industry. The U.S.

Math 74
article thumbnail

US Consumers Expect To Return $115 Billion In Unwanted Gifts

PYMNTS

On each side of the equation, the math is simple. A surge in eCommerce returns driven by COVID-19-related policy changes is hurting retailers but helping logistics companies, the Financial Times reports.

Math 89
article thumbnail

DIE Ruins Excellence in Orchestral Programming

CFO News Room

But, as a matter of math , if your preference for diversity and inclusion supersedes that of compositional merit or worthiness, you will necessarily get a repertoire that is lower in quality.

Math 130
article thumbnail

The CFO Guide to Gratitude

CFO Leadership

When you give everyone in the company $5 along with this challenge…you do the math. You think you need a reward program. What you need is a gratitude program that happens to include rewards.