Simple average definition

Simple average means no special weight or preference is given to any one sample for the averaging process. Table 1 illustrates this process. Data from samples #5-23 are not shown for the sake of brevity. Results for Residuals and Aseptics are disregarded in the Adjusted Average column. Mixed Paper (PS 54) 24.9% 24.5% 28.6% 32.3% … 17.9% 29.2% 26.2% 31.2% Aseptics (PS 52) 1.0% 0.5% 0.8% 0.5% … 0.8% 1.1% 0.8% NA Corrugated Containers 24.5% 30.1% 17.9% 17.9% … 33.4% 27.6% 25.2% 30.0% Aluminum Cans and Foil 1.8% 1.5% 1.6% 1.1% … 1.6% 1.8% 1.6% 1.9% Steel Cans 2.1% 1.9% 3.2% 1.7% … 1.9% 3.5% 2.4% 2.8% Scrap Metal 1.0% 0.8% 0.5% 0.8% … 0.5% 1.0% 0.8% 0.9% Glass – 3 Mix 17.7% 16.3% 21.3% 15.2% … 15.6% 14.6% 16.8% 20.0% Plastics, PET 4.5% 3.0% 3.7% 5.3% … 5.1% 2.4% 4.0% 4.8% Plastics, Natural HDPE 3.5% 2.5% 3.4% 3.7% … 3.6% 2.7% 3.2% 3.8% Plastics, Colored HDPE 1.5% 1.6% 1.5% 1.7% … 1.7% 1.3% 1.6% 1.8% Plastics, Commingled #3-7 2.5% 2.4% 2.5% 2.5% … 2.8% 1.2% 2.3% 2.8% Residuals/Garbage 15.0% 14.9% 15.0% 17.3% … 15.1% 13.6% 15.2% NA In Table 2, the calculation of a weighted average results from multiplying the market value for a specific material by the percentage that it contributes to the total to arrive at a dollar amount. Then those amounts are summed to arrive at the average total value per ton. For example, the market value for mixed paper ($5.00 per ton) is multiplied by the percentage that it contributes (expressed as a decimal 0.312) to calculate its portion of the overall total value per ton of mixed recyclables (or $1.56/ton). Mixed Paper (PS 54) 31.2% $5.00 $1.56 Corrugated Containers 30.0% $120.00 $36.00 Aluminum Cans and Foil 1.9% $1,300.00 $24.70 Steel Cans 2.8% $70.00 $1.96 Scrap Metal 0.9% $200.00 $1.80 Glass – 3 Mix 20.0% $15.00 $3.00 Plastics, PET 4.8% $300.00 $14.40 Plastics, Natural HDPE 3.8% $300.00 $11.40 Plastics, Colored HDPE 1.8% $300.00 $5.40 Plastics 3-7 2.8% $50.00 $1.40 Total Value $101.62 Market Values shall be updated annually, while the composition figures generated through sampling in 2020 and 2021 shall be used until superseded by future sampling data. Once the sample data and market data are compiled, the following two factors shall be applied to calculate the impact to rates.
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Examples of Simple average in a sentence

  • Grain corn (2 CW) Simple average of the daily closing price of the December corn futures at the Chicago Board of Trade, converted to Canadian dollars (using the daily average CDN/US exchange rate published by the Bank of Canada), for the month of October, expressed in $/kg, plus a basis adjustment of $0.035/kg.

  • Green Lentils (2 CAN) Simple average of the daily average grower bid spot price of 2 CAN ▇▇▇▇▇ Lentils, for the month of October, expressed in $/kg, as published by ▇▇▇▇▇▇▇.▇▇▇ Red Lentils (2 CAN) Simple average of the daily average grower bid spot price of 2 CAN Small Red Lentils, for the month of October, expressed in $/kg, as published by ▇▇▇▇▇▇▇.▇▇▇.

  • Desi Chickpeas (2 CW) Simple average of the daily average grower bid spot price of 2 CW Desi Chickpeas, for the month of October, expressed in $/kg, as published by ▇▇▇▇▇▇▇.▇▇▇.

  • Kabuli Chickpeas (2 CW – 8mm) Simple average of the daily average grower bid spot price of 2 CW 8mm Kabuli Chickpeas, or the equivalent price, for the month of October, expressed in $/kg, as published by ▇▇▇▇▇▇▇.▇▇▇.

  • Simple average T-Yields, new producer ▇- ▇▇▇▇▇▇, and variable T-Yield percentages do not apply the year the native sod acreage is under the WA.

  • A = Seller’s Annual Energy Delivery Obligation in kWh. B = Sum of Metered Amounts over the Term Year in kWh. C = Sum of Lost Output over the Term Year in kWh. D = Simple average of the Market Price for all Settlement Intervals in the Term Year in $/kWh. E = Energy Price in $/kWh (i.e., $/MWh/1000).