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Pondered Average Calculator Math

Weighted Average Formula:

\[ \mu = \frac{\sum_{i=1}^{n} (w_i \times x_i)}{\sum_{i=1}^{n} w_i} \]

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1. What is a Weighted Average?

Definition: A weighted average is an average where each value has a specific weight or importance assigned to it.

Purpose: It provides a more accurate measurement than a simple average when values have different levels of importance.

2. How Does the Calculator Work?

The calculator uses the formula:

\[ \mu = \frac{\sum_{i=1}^{n} (w_i \times x_i)}{\sum_{i=1}^{n} w_i} \]

Where:

Explanation: Each value is multiplied by its weight, these products are summed, and then divided by the sum of all weights.

3. Importance of Weighted Average

Details: Weighted averages are crucial in statistics, finance, education (GPA calculation), inventory management, and many other fields where not all values contribute equally.

4. Using the Calculator

Tips:

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between average and weighted average?
A: Regular average treats all values equally, while weighted average gives more importance to some values based on their weights.

Q2: Can weights be negative?
A: Mathematically yes, but in most practical applications weights are positive numbers.

Q3: What if my weights don't sum to 1?
A: The calculator will still work correctly. The formula automatically normalizes the weights.

Q4: Where is weighted average used in real life?
A: Common uses include GPA calculation, stock market indices, survey analysis, and performance metrics.

Q5: What happens if I enter more values than weights?
A: The calculator will only process pairs where both value and weight exist.

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