SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lazarus_Long who wrote (462976)9/23/2003 11:12:21 AM
From: zonder  Read Replies (1) of 769667
 
"Americans are usually 20 per cent of our clientele. They've gone down to roughly 15 per cent,"
That sounds like a 25% decline to me.


Only if you assume the number of total clients remained the same. As in, other nationalities flocked into France to compensate for lost American tourists.

If you believe the number of total clients decreased (as you seem to, with a lower number of American tourists), then in fact (assuming total non-American tourists did not change) the overall decline is 6% (From 100 to 94, if we assume the initial total was 100. That comes from solving the equation x/(80+x)=15%, where x=current no of American clients, and 80=no of non-American clients (assumed constant from where it was 80% of total before).

American clients seem to have declined by 30% (20 -> 14) which seems to be the official figure in your link anyway. However, that decreased the total number of tourists to France by only 6% (100 -> 94).

Hence, not earth-shattering. Unless, of course, you would like to go into why American tourists are more lucrative a clientele for restaurants wherever they go, since they are... err... LARGER :-)

[Thanks, Laz, for this opportunity to rant on math :-) ]
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext