dddanny2006 wrote:Oh ok.Cool.Thats an excellent app
Thanks that's kind of you. I'm actually writing code for it right now (well I stopped to type this reply).
dddanny2006 wrote:A(x)+B(y)=Weighed Average
I find it hard to know what A and B stand for in the problem,also x and y.
Weighted Avg means that the average is the result of a mix adjusted for the weights of the components. For example, if a room contains 60% women and 40% men, the weighted avg of any measure (age, test scores, salaries) will be 60% of the women's measure + 40% of the men's measure:
W.A.=0.6x + 0.4y where x and y are the measures that actually get averaged.
In all such questions you need to be clear about two things:
(1) what measure gets averaged?
(2) what are the groups' weights? (percentage distribution which always adds up to 1 or 100%)
Example 1:
A store sells two types of widgets. Type A sells for $32 and type B sells for $20. If 25% of widgets sold were of Type A, what is the average selling price?
(1) what measure gets averaged? Prices.
(2) what are the weights (% distribution - must add up to 1 or 100%). 25% A, 75% B
Equation:
$32*(0.25) + $20*(0.75) = Average
Example 2:
The average salary of all employees is $32,500. If the ratio of male to female employees is 3:5, and each female earns $34,000, how much does each male earn?
(1) What measure gets averaged? earnings.
(2) what are the weights (% distribution - must add up to 1 or 100%). 3/8 Males, 5/8 Females (ratio 3:5 means 8 total parts)
Equation:
x*(3/8) + $34,000*(5/8) = $32,500
Example 3:
I have two investments. Investment A grew by 15% and investment B grew by 8%. If the average growth of both investments is 10%, what fraction of my capital was invested in A?
(1) What measure gets averaged? percent growth!
(2) what are the weights (% distribution - must add up to 1 or 100%). Unknown. Call them a for investment A and 1-a (for investment B) so the weights add up to 1
Equation:
(15%)*a + (8%)*(1-a) = 10%
Example 4:
10 kilograms of material K is made up of x kilograms of A costing $3 per kilo, and y kilograms of B costing $5 per kilo. Build a formula for average price of material K.
(1) What measure gets averaged? price per kilo
(2) what are the weights (% distribution - must add up to 1 or 100%). x/10 for A, and y/10 for B. Since they add up to 1, it makes sense to use x/10 and (10-x)/10
Equation:
$3*(x/10) + $5(y/10) = Price of K
even better:
$3*(x/10) + $5*(10-x)/10 = Price of K
Does that help?
-Patrick