I -think- the formula isso, using that formula, the 1.5 processor is faster as long as you use the extra cores.
Just for future reference, that formula is incorrect.
No, it's just two cores working at 1.5 GHz. They're near equal.
Would only benefit programs and games that support more than one core, otherwise you're effectively running 1.5GHz single core.
Also, speed isn't the only thing that matters. Architecture matters too. What models are they? For instance, a cruddy Athlon single core 2.2GHz is way worse than a Core 2 Duo 1.5GHz.