Answer to April 1, 2002 Problem |
---|
The Bellman Problem Three people went to a hotel and rented a room for $30, each paying $10 for his share. Later, the clerk discovered that the price of the room was only $25. She handed the bellman five $1 bills and asked him to return them to the three people. The bellman, not knowing how to divide $5 among three people, instead gave each person $1 and kept the other $2 for himself. Here's the question: |
---|
Solution:
There is no missing dollar.
The error arose when an asset ($2) was added to an expense ($27) instead of the other asset ($25), thereby "mixing apples with oranges." |
1. Joshbeen Grewal | College of William and Mary, Williamsburg, Virginia |
2. Keith Mealy | Cincinnati, Ohio |
3. David Powell | Winchester, Virginia |
4. George Gaither | Winchester, Virginia |
5. Brice Tarleton | Columbus, Georgia |
6. Richard Johnson | La Jolla, California |
7. Walt Arrison | Philadelphia, Pennsylvania |
8. Renata Sommerville | Austin, Texas |
9. Nate Troup | Arlington, Virginia |
10. Andrea Flandry | Columbus, Georgia |
11. Kristen Wilson | Columbus, Georgia |
12. Adam Kronfeld | Bucknell University, Lewisburg, Pennsylvania |
13. Christopher March | Virginia Tech, Blacksburg, Virginia |
14. Theresa Gipson | Rockford, Michigan |
15. Amy Lamport | Rockford, Michigan |