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. Unlike a simple average where all values are treated equally, weighted averages assign different weights to different values based on their importance or frequency.
The calculator uses the weighted average formula:
Where:
Explanation: Each value is multiplied by its corresponding weight, these products are summed, and then divided by the sum of all weights.
Details: Weighted averages are crucial in statistics, finance, education (GPA calculation), inventory management, and many other fields where different data points have different levels of importance or relevance.
Tips: Enter values and corresponding weights as comma-separated lists. Ensure both lists have the same number of elements. Weights should be positive numbers, and the sum of weights should not be zero.
Q1: What's the difference between weighted average and simple average?
A: Simple average treats all values equally, while weighted average gives more importance to some values based on their assigned weights.
Q2: Can weights be negative?
A: Typically no, weights should be positive numbers. Negative weights would create mathematical complications and are not standard practice.
Q3: What if the sum of weights is zero?
A: The weighted average becomes undefined because you cannot divide by zero. Ensure at least one weight is positive.
Q4: How are weights determined?
A: Weights are determined by the context - they might represent frequency, importance, reliability, or other factors specific to the application.
Q5: Can I use percentages as weights?
A: Yes, percentages can be used as weights. The calculator will normalize them automatically as part of the calculation.