Hello,
Can anyone help me with the below (a general example):
I have certain values (in this case age; in months old) with varying distributions of the ages in a population; like this:
12 (1 year) = 50%
24 (2 years) = 18%
36 (3 years) = 12%
48 (4 years) = 10%
60 (5 years) = 10%
...So, using SUMPRODUCT I get a blended average 'months old' age of 25.44
Working this way is pretty easy; where I'm having an issue with is working in reverse. Instead of knowing the distributions, I'm given, (for example) that a given group of kids comprised of the same ages as above have an average age of 17.38 months old... How do I figure-out what the possible distributions are between the ages (12/24/36/48/60 months)??? i.e. the example from above changes to:
12 (1 year) = ??%
24 (2 years) = ??%
36 (3 years) = ??%
48 (4 years) = ??%
60 (5 years) = ??%
...and I have the blended average 'months old' age of: 17.38
I've tried looking at it many diferent ways and can't seem to figure-out how to get to these potential values. For simplicity's sake, let's assume that percentages must be whole numbers (i.e. can only be 50%-25%-25% not 49.71%-25.15%-21.14%).
Thanks!!
simplified example worksheet attached below:
example.xlsx
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