The phrase seven times less is confusing to me.
I asked ChatGPT to explain.
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1. “7 times less” could mean:
Divide by 7 → e.g., “100 is 7 times less than 700” (because 100 = 700 ÷ 7).
Subtract 7 times the amount → e.g., “100 is 7 times less than 800” would mean 800 – (7×100) = 100. But this...
The broker didn't disclose to me what the fee covered; they just said 'services,' with nothing in the stack of documents that I could see. I agree that I must compare total costs.
Thanks I never noticed that before as it is right at near the end of the schedule.
Has anyone moved from a broker to one of the direct insurance companies? Is it advisable
Hi, I am busy sorting out my insurance with the broker.
I inquired about the service fee, and it was explained that this is a fee in addition to the commissions they receive. And to cover the communication, etcetera, that they provide.
Is this normal now?
Also, if you want car cover without...
I see that differently in that less does not mean divide.
So I aked the guru chat GPT this is the answer.
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No, 1/7th and "7 times less" are not the same—they mean very different things.
1/7th
Means you divide by 7.
Example:
If you have 70, then 1/7th of 70 is:
707=10\frac{70}{7} = 10770=10...
Shouldn't the headline be 1/7th, not 7 times less? If 7 times less is a formula, would it be 100 x (-7) +100?
I seem to be put off by nonsensical headlines, so I can't take the article seriously.