## How much is the annual income of a beggar in Bangalore?

You can assume anything and everything under the Sun, just to try to keep the assumptions close to reality

I always start with an equation, for this question the equation which I assumed was:-

Amount per day * Number of Calendar Days (365)

**Assumption 1- A beggar begs all day of the year**

Now, I have divided a complete day in 4 parts

6 am to 10 am – High income

10 am to 4 pm – Low income

4 pm to 10 pm – High income

10 pm to 6 am – No income **Assumption 2 – The beggar will bet more money in slot 1 and 3****Assumption 3 – Beggar interacts with 500 people in each slot****Assumption 4 – The success ratio table**

Slot | Success Rate | Number of people giving money |

6 AM – 10 AM | 0.03 | 45 |

10 AM – 4 PM | 0.01 | 15 |

4 PM – 10 PM | 0.05 | 75 |

10 PM – 6 AM | 0.006 | 9 |

144 |

**Assumption 5 – Probability of amount, I have safely assumed that 30% people will give Rs.2, 20% will give Rs.5 and 50% will give Rs.1**

Slot | Success Rate | Number of people giving money | Amount |

6 AM – 10 AM | 0.03 | 45 | 94.5 |

10 AM – 4 PM | 0.01 | 15 | 31.5 |

4 PM – 10 PM | 0.05 | 75 | 157.5 |

10 PM – 6 AM | 0.006 | 9 | 18.9 |

144 | 302.4 |

Now we have Rs.302.4 per day income.**Annual amount = 302.4*365 = Rs. 110,376** It doesn’t matter if the amount is high or low, what matters is that you have an approach to solve the problem. Few more things which you can add here are:-

1. Divide the year into seasons

2. Divide year into weekend and weekdays

3. Public Holidays

Keep Learning 🙂

Nitin Kamal

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