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Bunuel
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Bunuel
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Bunuel This statement -"Since there are 14 liters of the first and 16 liters of the second, the overall average will be closer to the 16-liter batch’s value of 100. The midpoint between 90 and 100 is 95, so the weighted average must be greater than 95." had there been 18liters in thr first average would have been closer to 90 instead?
I did total Price by total liters and got 95.33 so thought thats how its greater than 95. I think all this is one and the same conecpt?
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SachinNayak
Bunuel This statement -"Since there are 14 liters of the first and 16 liters of the second, the overall average will be closer to the 16-liter batch’s value of 100. The midpoint between 90 and 100 is 95, so the weighted average must be greater than 95." had there been 18liters in thr first average would have been closer to 90 instead?
I did total Price by total liters and got 95.33 so thought thats how its greater than 95. I think all this is one and the same conecpt?

Yes.

95 is the midpoint between 90 and 100.
If the two batches had equal liters, the average would be exactly 95.

Here, they are not equal:
14 L at 90
16 L at 100

Since the larger amount is attached to 100, the weighted average must be above 95.

If it were:
18 L at 90
16 L at 100

then the larger amount would be attached to 90, so the weighted average would be below 95.

And yes, your method total price / total liters = 95.33 is the exact calculation of that same weighted-average idea.
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I like the solution - it’s helpful.
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I like the solution - it’s helpful.
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