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 relevance.
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 many fields including education (calculating GPA), finance (portfolio returns), statistics, and research where different data points have varying levels of importance.
Tips: Enter values and corresponding weights as comma-separated lists. Ensure both lists have the same number of elements. Weights must be positive numbers, and the sum of weights cannot be zero.
Q1: What's the difference between simple average and weighted average?
A: Simple average treats all values equally, while weighted average assigns different importance (weights) to different values.
Q2: Can weights be negative?
A: Typically no, weights should be positive values. Negative weights would invert the contribution of values, which is not standard in weighted average calculations.
Q3: What if the sum of weights equals zero?
A: The calculation becomes undefined (division by zero). Ensure at least one weight is a positive number.
Q4: How are weights determined?
A: Weights are typically based on the relative importance, frequency, or relevance 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 calculator will handle them appropriately.