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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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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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I understood the third question as the individual prices of each of the batches is more than 95. Since K2 has an avg price of 100 but K1 has an avg price of 90, I answered no because the price of one of the batches is <95.
Bunuel Can you help me understand why my understanding/read of the question is wrong?
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yashsharma1
I understood the third question as the individual prices of each of the batches is more than 95. Since K2 has an avg price of 100 but K1 has an avg price of 90, I answered no because the price of one of the batches is <95.
Bunuel Can you help me understand why my understanding/read of the question is wrong?

The phrase “average price per liter for Cobalt batches” asks for one overall average across the Cobalt batches, not whether each individual batch has a price per liter above $95.

If it meant what you interpreted, it would say something like “each Cobalt batch has a price per liter greater than $95.”
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