I run a calendar photo contest that uses a 5-star rating system which ranks the images according to their average rating. However, I would like to factor in the total number of votes a photo receives to get a more accurate ranking. For example, I do not want an image with 1 5-star vote (Avg rating: 5) getting ranked above an image with 10 5-star votes and 1 4-star vote (Avg rating: 4.9).
I know this topic has been raised before, but I can't seem to find a straightforward answer to apply to my particular situation. The Evan Miller site goes way over my head… I'm just looking for a simple calculation that gives more weight to images that receive a higher number of total votes.
The closest answer I've found is located here: What is a better way to sort by a 5 star rating?. My only problem with this solution is that I don't have a variable "m" in my scenario, and I don't know what kind of effect it will have if I arbitrarily assign a value to "m".
If I have the following variables, what formula should I use to achieve the type of ranking desired? Do I need to factor in anything else?
R: Average rating of image
v: Total Votes of image
C: Average rating of ALL images
Any help would be tremendously appreciated. Thanks!