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A weighted average is one that takes into account the importance, or weight, of each value. This article will show you how to use Excel's SUMPRODUCT and SUM functions individually and how to combine the two to calculate a weighted average.
A weighted average (also known as the weighted mean) is a calculation that provides an average where values have different levels of importance. In certain scenarios, Excel’s AVERAGE function is not the right chose.
To calculate a weighted average in Excel, simply use SUMPRODUCT and SUM. 1. First, the AVERAGE function below calculates the normal average of three scores. Suppose your teacher says, "The test counts twice as much as the quiz and the final exam counts three times as much as the quiz". 2. Below you can find the corresponding weights of the scores.
To calculate the weighted average in Excel: Multiply each value by its corresponding weight. Divide the total by the sum of the weights. Use the SUMPRODUCT function for the numerator and SUM for the denominator. This method is useful for handling data where some elements are more important than others.
How to Do Weighted Average in Excel. Calculating a weighted average in Excel is simpler than it sounds. You assign more importance, or "weight," to certain values. Follow these steps: multiply each value by its weight, sum these products, then divide by the sum of the weights. That’s it!
First, use the UNIQUE function to extract the unique values from the Conference column. The formula can be. =UNIQUE(B3:B100) (adjust the range according to the number of rows you have). Next, use the array result returned by the UNIQUE function to calculate the weighted average you described. Assuming the UNIQUE function is written in cell V2 ...
How to calculate weighted average in Excel will transform your data analysis by giving you accurate results when dealing with varied data weights. This tutorial teaches you how to calculate...
6. Totals. 6 (total weight) 22. Grade points / weights. 3.67. To calculate the weighted average, you need to add up the total weighted grades (16 + 6 = 22), and divide by the total weight (4 + 2 ...
In this post, learn how to calculate a weighted average and go through two worked examples. Weighted Average Formula. Calculating the mean is a simple process of summing all your values and dividing them by the number of values. That process gives each value an equal weight.
We show you how to calculate a weighted average in Excel using SUMPRODUCT and SUM functions, providing step-by-step instructions, practical examples, and common use cases.