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That's an estimated 32 hours of "mixed use," a formula based on a study of how people use their phones.
HEFCE and its sister councils in the rest of the U.K. use a formula based on the results of the Research Assessment Exercise (RAE) to distribute $2 billion of research infrastructure funds--paying for computers, libraries, and staff, for example--each year.
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The state-run Local Capital Improvement Program uses a formula based on the grand list, road miles and population to split $30 million a year among 169 municipalities.
It also provides the states with security funds, using a formula based almost entirely on population.
Mr. Dimas said he reached the figures using a formula based on gross domestic product and emissions levels.
In determining which jurisdictions should be covered, Congress used a formula based in part on voter turnout in 1964.
The key problem is that business rates are normally set every five years, using a formula based on the premises' rental value – but the last review was in 2010 and used figures from early 2008.
The train companies have been given the freedom to raise prices using a formula based on RPI for the past decade on "regulated" fares (such as many commuter routes) and charge whatever they like for "unregulated" fares, which include many long-distance tickets.
The SAIC board sets its companys stock price four times a year, using a formula based on net income, shares outstanding and a market factor monitored by investment bank Houlihan Lokey Howard &Zukin.
In traditional plans, benefits are calculated using a formula based on the worker's salary in his last three or five years of service and his years with the company.
Wimbledon, which starts on 23 June, is the only one of the four Grand Slam tournaments not to stick to the world rankings when seeding the men's event, instead using a formula based on grass court form over the past two years.
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