Weighted Average Formula:
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A weighted average is an average where some data points contribute more than others to the final result. Each value is multiplied by a predetermined weight before summing, and the total is divided by the sum of all weights.
The calculator uses the weighted average formula:
Where:
Explanation: The formula calculates the mean where each value's contribution is proportional to its assigned weight.
Details: Weighted averages are crucial in statistics, finance, education (GPA calculation), inventory management, and any situation where different data points have varying levels of importance.
Tips: Enter values and weights as comma-separated lists. Ensure both lists have the same number of elements. Weights should be positive numbers, and the sum of weights must be greater than zero.
Q1: What's the difference between weighted average and regular average?
A: Regular average gives equal importance to all values, while weighted average allows some values to contribute more significantly to the result based on their weights.
Q2: Can weights be negative?
A: Typically no. Weights should be positive numbers as they represent the relative importance of each value. Negative weights would invert the contribution.
Q3: What if the sum of weights equals zero?
A: The calculation becomes undefined (division by zero). Ensure the sum of weights is always greater than zero.
Q4: How are weights determined?
A: Weights are determined based on the relative importance, frequency, or significance of each value in the specific context of the calculation.
Q5: Can I use decimal weights?
A: Yes, weights can be any positive numbers including decimals. The important factor is that their sum must be positive.