If you want the average rate

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Jul 28, 2014
3:19:08pm

KingDave

If you want the average rate

You need to divide the AVERAGE revenue by the AVERAGE units, not the totals divided by the totals.

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KingDave

Previous username: (Private)
Bio page: KingDave
Joined: Oct 12, 2009
Last login: May 10, 2024
Total posts: 69,458 (20,670 FO)

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Messages

Author

Time

Question for you Math Wizards

svcougfan

7/28/14 3:12pm

I think your heteroscedasticity is off, check your variances again.

2RUEBLUE

7/28/14 3:17pm

<< Deleted >>

cvd6262

7/28/14 3:17pm

Got the 0.5 and 345.295 how did you get the

svcougfan

7/28/14 3:24pm

If you want the average rate

KingDave

7/28/14 3:19pm

So Average Revenue is 345.30 and Average Units is .50

svcougfan

7/28/14 3:23pm

I'm an idiot

KingDave

7/28/14 3:24pm

RE: So Average Revenue is 345.30 and Average Units is .50

svcougfan

7/28/14 3:25pm

Let me send out the IndyCoug signal, he'll help you

kimchicoug

7/28/14 3:22pm

It's that negative number that is throwing you off. messes the whole thing up

rggee

7/28/14 4:17pm

If you change them to positive, it gives you a much closer number. 137.109

rggee

7/28/14 4:23pm

You need to take the Harmonic Mean

Marking Time

7/28/14 4:18pm

Thanks! My boss now thinks that I am a genius!

svcougfan

7/28/14 4:41pm

That statistics class I took back in 1972 finally paid off.

Marking Time

7/28/14 4:47pm

haha

svcougfan

7/28/14 4:51pm

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