Weighted Average Formula:
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Definition: This calculator computes the weighted average of values where some values contribute more significantly than others based on assigned weights.
Purpose: It helps in statistical analysis, grading systems, financial calculations, and any scenario where different data points have different levels of importance.
The calculator uses the 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 provide more accurate results than simple averages when dealing with data points of varying importance or reliability.
Tips:
Q1: What's the difference between average and weighted average?
A: Regular average treats all values equally, while weighted average accounts for varying importance or frequency of values.
Q2: Can weights be zero?
A: Technically yes, but values with zero weights don't contribute to the result. Negative weights are not allowed.
Q3: What are common applications of weighted averages?
A: Grade calculations, stock indices, survey analysis, and any situation where some data points are more significant than others.
Q4: What happens if all weights are equal?
A: The weighted average becomes identical to the regular arithmetic mean.
Q5: How many value-weight pairs can I enter?
A: You can add as many as needed, though practical limits depend on your browser's memory.