Weighted Mean
What is the Weighted Mean Formula?
Weighted mean formula is:
Weighted Mean = (w1×q1 + w2×q2 + w3×q3……………….+ wn×qn)/ (w1+ w2+ w3 +…….wn)
How do you Calculate the Weighted Mean?
Weighted mean is calculated by multiplying each data point value by its weight, then finding its sum and then dividing the same by total sum of weight.
What is an Example of a Weighted Mean?
An example of calculating a weighted mean for students’ grades in a course where different assignments have different weights.
Weighted Mean Formula
Mean is also called average in Mathematics which denotes the sum of all given quantities divided by the number of quantities. The arithmetic mean is important in statistics. For example, Let’s say there are only two quantities involved, the arithmetic mean is obtained simply by adding the quantities and dividing by 2.
Table of Content
- What is Weighted Mean?
- Weighted Mean Formula
- How to Calculate Weighted Mean?
- Weighted Mean Vs Arithmetic Mean
- Arithmetic Mean Calculation:
- Weighted Mean Calculation:
- Weighted Mean Examples