compute aggregated mean with group by

Change your call apply self-def function to

out = df.groupby(['Cluster']).apply(lambda x : KPI_Pred_mean(x['ConversionPred'],x['VolumePred'])) .reset_index(name = 'KPI_Pred_mean') 
Out[267]: 
  Cluster  KPI_Pred_mean
0     0-3       0.480000
1     4-6       0.285714
2     7-9       0.655172