Calculate weighted mean by weighing each price by the quantity consumed:
Articles of Food |
Quantity consumed in kgs. |
Price per kg. in Rs. |
Flour Ghee Sugar Potato Oil |
11.50 5.60 0.28 0.16 0.35 |
5.8 58.4 8.2 2.5 20.0 |
Price per kg. in Rs. (X) |
Quantity consumed in kgs. (W) |
WX |
5.8 58.4 8.2 2.5 20.0 |
11.50 5.60 0.28 0.16 0.35 Σ W = 17.89 |
66.700 327.040 2.296 0.400 7.000 Σ WX = 403.436 |