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, then divided by the sum of all weights.
The calculator uses the weighted average formula:
Where:
Explanation: The formula calculates the average 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 corresponding weights as comma-separated lists. Both lists must have the same number of elements. Weights should be positive numbers (sum cannot be 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 different values to contribute differently based on their weights.
Q2: Can weights be negative?
A: While mathematically possible, negative weights are generally not used in practical applications as they can produce counterintuitive results.
Q3: What happens if the sum of weights is zero?
A: The calculation becomes undefined (division by zero). Weights must sum to a non-zero value.
Q4: How are weights determined?
A: Weights are typically based on importance, frequency, reliability, or other relevant factors specific to the application.
Q5: Can I use decimal weights?
A: Yes, weights can be any real numbers (except zero when summing to zero). Decimal weights are commonly used in many applications.