Property Averaging of Composites
Let's graph the two expressions that we got for the two cases of isostress and isostrain.
The plot shown here is for the specific case of E-glass reinforced epoxy.
                                   
The top curve shows the case of isostrain:
Ec  = VmEm + VfEf  
The bottom curve shows the case of isostress:
Ec-1 = Vm Em-1 + VfEf-1
                                       
Plot of composite modulus for the case of isostrain and the case of isostress. The isostrain case shows a straight line between Em and Ef. The isostress case shows that the modulus of the composite is dominated by the modulus of the matrix except for very high fiber volumes.
In the case of isostrain, the modulus of the composite varies linearly with the volume fraction of fibers. i.e. it is a weighted average of the moduli of the matrix and fiber phases.
We can see that for this case of parallel loading, the fibers make a greater contribution to Ec than they do in isostress (perpendicular) loading. In the isostress case the modulus of the composite is dominated by the modulus of the matrix except for very high fiber volumes.

Anything other that isostrain or isostress can be a very complex analysis. It will depend on specific nature of disperse and continuous phases.

Question:
So how will we calculate the property of a composite for something other than these conditions?

Answer:
Let's consider that isostrain and isostress are two extreme ends of a spectrum of geometries. Then we can assume that the property of any composite, Xc, can be calculated from an equation like this:

Xcn = Vl Xln + Vh Xhn

Where 
In other words, for any composite, isostrain represents an upper bound and isostress represents a lower bound for calculating the property of the composite.
                                                 
Indeed, for aggregate composites, the dependence of a property on the volume fraction of a high-modulus phase, V
h, is generally between the extremes of isostrain and isostress conditions. Decreasing n from +1 to =1 represents a trend from a relatively low-modulus aggregate in a relatively high-modulus matrix to the reverse case of a high-modulus aggregate in a low-modulus matrix.


4 plots of the equation to determine a composite property with 4 different values of n: 0, 1, 1/2, -1
                               
In summary
: To Calculate the Property of a Composite Material
The property of any composite material, Xc, can be calculated from this equation:

Xcn = Vl Xln + Vh Xhn

Where