So I started a group of 4 alts today and got them to 20. Getting to level 10 was a blast having a lvl 60 warlock pet help finish every kill I started, so I averaged around 10-15k xp/hour to 10. In RFC I was using my warrior to boost, and can clear 5-6k xp in 12 minutes making for around 20-25k xp/hour. I did a little bit of Wailing caverns and the XP seems to be 25k/hour using the warrior to boost as well. Lets just say its way less stressful than actually doing the dungeons legit haha.
Also, it 100 percent isn't a "Average group level" calculation for dungeon XP although it may seem like it. I did a little bit of testing with a friend and we found out it seems to be those who can get XP from the mob contribute to a pool of XP. So basically we found if you have a lvl 60 and 1 low lvl alt meant for the dungeon you will get the same XP or less(since group bonus) as if you had 4 60s + the low level alt even though the average would of clearly gone up a ton and this is because in both cases only 1 player is contributing to the xp pool. So basically you want the most people contributing to the XP pool while maintaining the 5 party size bonus. 4 low alts contributing to the XP pool + a 60 will always be the most XP per mob from a boost.
heres a sheet my friend put together for XP based on group size, as you can see doing a dungeon with 10 accounts puts you at more than 5x less XP per acc than 5 accounts because of the raid penalty.
https://docs.google.com/spreadsheets...gid=1706168238
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