- Send me a PM to enter the contest.
- Entries must be submitted before 11:59pm (Pacific time) July 5th.
- I will give you an entry number as a PM in reply. This will start at 1 and increment every time someone sends me a PM asking to enter.
- On Wednesday July 6, I will go to the page http://markets.on.nytimes.com/research/ ... bol=599362 and get the Dow Jones industry average at close for 7/06/2016.
- I will take the Dow number and multiply it by 100. For example, the Dow today was 17,780.83, so the number I would use if the Dow closes with that number on July 6 would be 1,778,083.
- I will take that number (e.g. 1,778,083) and divide it by the number of people who have entered the contest. This is grade school division with remainder: For example, if seven people have entered the contest, 1,778,083 divided by 7 is 254,011 remainder 6.
- I will add one to the remainder, which is 7 in this example.
- This resulting number will be the contest winner.
- You can not cancel your entry once you enter.
So, if you’re interested, send me a PM. I will announce the winner in early July, but people should be able to calculate it as soon as the Dow closes on July 6 (((dow * 100) % number_of_entries) + 1). I will post follow-ups telling people how many people have entered.