Technical Explanation: Weighted Average
A weighted average assigns different levels of importance (weights) to each data point, reflecting its contribution to the overall average. It is widely used in finance (portfolio returns), education (GPA), and statistics (survey analysis).
Key Concepts
- Value: The numerical data point (e.g., grade, price, return).
- Weight: The importance or frequency of the value (e.g., credit hours, market cap, number of respondents).
- Weighted Average: The result that gives more influence to higher‑weighted items.
How to Use the Calculator
- Enter each Value and its corresponding Weight.
- Add as many rows as needed.
- The calculator instantly shows the weighted average, total weight, sum of weighted values, and a summary.