Weighted Average Formula:
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The weighted average (WA) is a calculation that takes into account the varying degrees of importance of the numbers in a data set. Unlike a regular average where all numbers are treated equally, a weighted average assigns weights that determine the relative importance of each number.
The calculator uses the weighted average formula:
Where:
Explanation: Each test score is multiplied by its weight, these products are summed, and then divided by the sum of all weights.
Details: Weighted averages are crucial in academic grading systems where different tests or assignments have different importance, in financial calculations like portfolio returns, and in many statistical analyses.
Tips:
Q1: What's the difference between average and weighted average?
A: Regular average treats all values equally, while weighted average accounts for the relative importance of each value.
Q2: How should I determine weights?
A: Weights should reflect the relative importance of each test. For example, a final exam might have higher weight than a quiz.
Q3: Can weights be percentages?
A: Yes, but the calculator normalizes them automatically. You can enter 20 for 20% or 0.2 - the result will be the same.
Q4: What if all weights are equal?
A: If all weights are equal, the weighted average will be the same as the regular average.
Q5: Can I use this for non-academic purposes?
A: Absolutely! This calculator works for any scenario where you need to calculate a weighted average.