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Can someone explain why this is the formula for the number of smart-meters?

Can someone explain why this is the formula for the number of smart-meters?

Calculation: # households/commercial property in Hamburg * Smart Meters per households/commercial property

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Clara
Coach
on Mar 22, 2021
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

Not sure that I understand what you don´t understand, could you rephrase?

My understanding is that: 

  •  Households property in Hamburg * Smart Meters per householdsproperty +

  •  Commercial property in Hamburg * Smart Meters per commercial property

Total smart meters intalled

Hope it helps!

Cheers, 

Clara

Deleted user
on Mar 21, 2021

Well, it's simple math:

  • # households * smart meters per household equals # of smart meters installed in households, similarly
  • # commercial propoerties * smart meters per commercial property equals # of smart meters installed in commercial properties

The sum of these is the total number of smart meters.

Interestingly, the absolute result in the case is wrong though (2.7m). The case assumes 1m households as 60% of 1.7m inhabitants. I have lived in Hamburg and I can assure there are households with more than one inhabitant ;)

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Ian
Coach
on Mar 21, 2021
Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success

Hi there,

Henning said it best.

If you're looking for more practice writing out formulas in case contexts I'd highly recommend RocketBlocks!

on Apr 30, 2024
#1 rated McKinsey Coach | top MBB coach
Raj
Coach
on Mar 22, 2021
FREE 15MIN CONSULTATION | #1 Strategy& / OW coach | >70 5* reviews |90% offers ⇨ prep-success.super.site | MENA, DE, UK

Because there will be one smart meter per house, just as there is one broadband connection per house

Gaurav
Coach
on Mar 24, 2021
#1 MBB Coach(Placed 750+ in MBBs & 1250+ in Tier2)| The Only 360° coach(Ex-McKinsey+Certified Coach+Active recruiter)

Henning explained it the best!