Thursday, March 19, 2020

Old to New SAT How to Convert 2400 to 1600

Old to New SAT How to Convert 2400 to 1600 SAT / ACT Prep Online Guides and Tips If you are taking the new SAT in spring 2016 or later, your test will be significantly different from the current SAT. What are the main differences between the old and new SAT? How do you convert between the two tests? How do these changes affect you as the test taker? Differences Between Old and New SAT There will be a lot of minute differences between the two tests, but the big changes are: There will be twosections instead of three: Math andEvidence-Based Reading and Writing. Due to these section changes, the composite scores range will be 400 to 1600, instead of 600 to 2400. The types of questions asked will be changed. For example, the newEvidence-Based Reading and Writingsection will no longer have the sentence completion vocabulary questions. Instead, there will bemore passage-based critical thinking questions. There will be no penalty for guessing on questions. On the old SAT, you received minus  ¼ point for every incorrect answer. There are many more changes to the new SAT, and I recommend you read about the others as well. However, the changes I mentioned are the biggest and most important to understanding the conversion. How to Convert 2400 to 1600 The College Board has not announced any specific conversion method (nor have colleges announced how they will compare the old and new test). However, here at PrepScholar, we have come up withtwo possible conversion methods. Fast Method: Simply multiply the old SAT score by â…”. For example, if you received 1800 on the old SAT, the calculation would be 1800 x â…” = 1200. Yournew SAT score would be 1200.There are a couple issues with this fast method. It doesn’t take into account that Math will be more heavily weighted on the new SAT (since it will make up  ½ instead of â…“ of the score), while the Critical Reading and Writing will count less as they are combined. Our next method resolves this issue. Weighted Method: First, average the Critical Reading and Writing section scores. Then, add that average to the Math section. For example, if you received 1800 on the old SAT (Math 700, Critical Reading 650, Writing 450), you would first average 650 and 450. (650 + 450) / 2 = 550, then add that to Math, 550 + 700 = 1250. Yournew score would be 1250. However, if you received 1800 on the old SAT but your score breakdowns were Reading 700, Math 450, Writing 650, you would have a different new composite SAT score. (700+650) / 2 = 675, then add Math. 675 + 450 = 1125. Your new score would be 1125. With the same composite score (1800), you can end up with two different new SAT scores based on the Fast or Weighted Method. Using the Weighted Method, your composite score will be higher if Math was your best section or lower if Math was your worst section.Use the Weighted Method for a more accurate conversion that takes into account the importanceof each section on the new SAT. What Does This Conversion Mean For You? As I mentioned before, Math is more heavily weighted, as it will now account for  ½ your composite score instead of â…”. If you're good at Math, this is great news! As you could see above, your high Math score will bring up your composite score. If, on the other hand, you struggle in Math, this change isn'tso great. As you could see above, if Math is your weakest section, you will end up with a lower composite score on the new SAT.You'll need to do more SAT Math preparation to make sure you get a high Math score, so you get a high composite score. Also, the types of questions asked will be changing. As I mentioned, there will no longer be any fill in the blank vocabulary questions. Instead, there will be more critical thinking and data analysis questions. If your strength is memorization, you'll probably not do as well on the new SAT. If you are better at critical thinking, you'll score better on the new SAT. What’s Next? Learn more about the new SAT: How to Study for the New SAT in 2016 5 Reasons the New SAT Changes Aren't Revolutionary Complete Guide to the New SAT in 2016 New SAT Essay Prompts: How Are They Changing? Want to improve your SAT score by 240 points?We've written a guide about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:

Tuesday, March 3, 2020

The Cobb-Douglas Production Function

The Cobb-Douglas Production Function In economics, a production function is an equation that describes the relationship between input and output, or what goes into making a certain product, and a Cobb-Douglas production function is a specific standard equation that is applied to describe how much output two or more inputs into a production process make, with capital and labor being the typical inputs described. Developed by economist Paul Douglas and mathematician Charles Cobb, Cobb-Douglas production functions are commonly used in both macroeconomics and microeconomics models because they have a number of convenient and realistic properties. The equation for the Cobb-Douglas production formula, wherein K represents capital, L represents labor input and a, b, and c represent non-negative constants, is as follows: f(K,L) bKaLc If ac1 this  production function  has constant returns to scale, and it would thus be considered linearly homogeneous. As this is a standard case, one often writes (1-a) in place of c. Its also important to note that technically a Cobb-Douglas production function could have more than two inputs, and the functional form, in this case, is analogous to what is shown above. The Elements of Cobb-Douglas: Capital and Labor When Douglas and Cobb were conducting research on mathematics and economies from 1927 to 1947, they observed sparse statistical data sets from that time period and came to a conclusion about economies in developed countries around the world: there was a direct correlation between capital and labor and the real value of all goods produced within a timeframe. Its important to understand how capital and labor are defined in these terms, as the assumption by Douglas and Cobb make sense in the context of economic theory and rhetoric. Here, capital indicates the real value of all machinery, parts, equipment, facilities, and buildings while labor accounts for the total number of hours worked within a timeframe by employees. Basically, this theory then posits that the value of the machinery and the number of person-hours worked directly relate to the gross output of production. Although this concept is reasonably sound on the surface, there were a number of criticisms Cobb-Douglas production functions received when first published in 1947. The Importance of Cobb-Douglas Production Functions Fortunately, most early criticism of the Cobb-Douglas functions was based on their methodology of research into the matter- essentially economists argued that the pair did not have enough statistical evidence to observe at the time as it related to true production business capital, labor hours worked, or complete total production outputs at the time. With the introduction of this unifying theory on national economies, Cobb and Douglas shifted the global discourse at it related to micro- and macroeconomic perspective. Furthermore, the theory stood true after 20 years of research when the 1947 United States Census data came out and the Cobb-Douglas model was applied to its data. Since then, a number of other similar aggregate and economy-wide theories, functions, and formulas have been developed to ease the process of statistical correlation; the Cobb-Douglas production functions are still used in analyses of economies of modern, developed, and stable nations around the world.