Basic averages

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Xandernz267

New member
Joined
Jul 25, 2016
Messages
3
Product Mix
No. of Product
Size Range Internal
Size Range Total
Price Range (subject to change)
One Bedroom
0
Two Bedrooms
1
100
122
$1,696,000
Three Bedrooms
15
124-269
147-367
$2,046,000-$5,383,000
Average
190.47
248.56
$3,588,343.75
Price per sqm.$18,839
$14,437

I just wanted to check that the above was correct. I believe you find the average (e.g. three bedroom internal siez range) and then multiply it by the no. of products. Once it is totaled , you can divide it by the total number of products to find the overall average. Is this correct?
 
Xandernz267 said:
Product Mix No. of Product Size Range Internal
Size Range Total
Price Range (subject to change)
One Bedroom0
Two Bedrooms1100122$1,696,000
Three Bedrooms15124-269147-367$2,046,000-$5,383,000
Average190.47248.56$3,588,343.75
Price per sqm.$18,839
$14,437

I just wanted to check that the above was correct. I believe you find the average (e.g. three bedroom internal siez range) and then multiply it by the no. of products. Once it is totaled , you can divide it by the total number of products to find the overall average. Is this correct?
Click to expand...

What are the definitions of "Size Range Internal" and "Size Range Total"?
 
Not too important. In this context "Size range internal: just means the inside floor area whereas total will include the inside and outside (i.e. balcony).
 
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