I recently came across the following method of calculating, from what I understand, a special kind of mean.
For 3 items: $\frac{\frac{a}{2} + b + \frac{c}{2}}{2}$
For 5 items: $\frac{\frac{a}{2} + b + c + d + \frac{e}{2}}{4}$
What kind of mean is this, and is there a general formula to calculate it? What is the advantage of using this mean over the normal one?
What is the advantage of using this mean over the normal one?
That can't be answered without (a lot) more context about where you encountered these weighted means. – dxiv Jun 30 '18 at 00:46