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Bunuel
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Bunuel
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paragw
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The last answer should be True.
Avg would be 1600+1260/(14+16)=2860/30=95.33
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Edited now, thanks for pointing out that mistake.
crimson_king
The last answer should be True.
Avg would be 1600+1260/(14+16)=2860/30=95.33
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hey bb is calculation for avg price as follows right:
1600+1260/(14+16)=2860/30=95.33
or do we need to use weighted average formula?
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iamchinu97
hey bb is calculation for avg price as follows right:
1600+1260/(14+16)=2860/30=95.33
or do we need to use weighted average formula?

I like Bunuel’s solution where he just calculates the prive for 14 and 16 separately.

But I think your calculation looks fine.
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iamchinu97
hey bb is calculation for avg price as follows right:
1600+1260/(14+16)=2860/30=95.33
or do we need to use weighted average formula?

Your calculation is correct because it is the weighted average formula.

For price per liter, the correct formula is:

(total price of all cobalt batches)/(total liters of all cobalt batches)

So the correct computation is:

(1600 + 1260)/(16 + 14) = 2860/30 = 95.33...

This already is the weighted average, since each batch’s price is weighted by its volume.
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