Weighted Average Formula:
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Definition: This calculator computes the weighted average of a set of values where each value has an associated weight.
Purpose: It helps in statistical analysis, grading systems, financial calculations, and any scenario where different values have different levels of importance.
The calculator uses the formula:
Where:
Explanation: Each value is multiplied by its 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 values have different levels of importance or relevance.
Tips: Enter weights and corresponding values as comma-separated lists. Both lists must have the same number of elements. All weights should be positive numbers.
Q1: What's the difference between average and weighted average?
A: Regular average treats all values equally, while weighted average accounts for different levels of importance.
Q2: Can weights be zero or negative?
A: Weights should generally be positive numbers. Zero weight means the value doesn't contribute, and negative weights can produce counterintuitive results.
Q3: What are common applications of weighted averages?
A: Grade calculations, financial indices (like stock market indices), survey analysis, and quality assessments.
Q4: How many values can I input?
A: There's no hard limit, but the calculator works best with reasonable numbers of values (typically 2-50).
Q5: What if my weights and values lists have different lengths?
A: The calculator will show no result - ensure both lists have exactly the same number of elements.