Answer to April 1, 2002 Problem |
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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: |
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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 |