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How to calculate an honest average given the volume?
I have 88 apples for the price of 10 rubles and 12 apples for the price of 5 rubles. How to calculate the average price given the volume of each batch of apples? Or am I imagining something and the average will always be equal to ((88 × 10) + (12 × 5)) ÷ 100 = 9.4
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The following formulas may be suitable for you:
1. arithmetic mean
2. harmonic
mean 3. geometric mean
4. mathematical expectation
5. center of mass
6. arithmetic mean multiplied by volume
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