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, 4(40)/ 2004 1998. 2 6 80 ..................................., ................................
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01
Make a list of all the numbers or values you want to calculate the weighted average for.
02
Assign each number a weight or percentage that represents its importance or contribution to the overall average.
03
Multiply each number by its corresponding weight.
04
Add up all the results from step 3 to get the total weighted sum.
05
Add up all the weights to get the total weight.
06
Divide the total weighted sum by the total weight to get the weighted average.

Who needs calculate weighted average of?

01
Students needing to calculate their GPA.
02
Investors analyzing the performance of their investment portfolio.
03
Researchers conducting statistical analysis.
04
Businesses determining the average satisfaction rating from customer surveys.
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The weighted average is a calculation that gives different weights to different values, reflecting their relative importance. It is commonly used to find an average where some values contribute more significantly to the final result than others.
Individuals or entities involved in financial reporting and assessments that require consideration of relative importance, such as companies calculating average costs, investment portfolios, and academic performance metrics may be required to calculate a weighted average.
To calculate a weighted average, multiply each value by its corresponding weight, sum all those results, and then divide by the total of the weights. Ensure all relevant values and weights are accurately collected before performing the calculation.
The purpose of calculating a weighted average is to provide a more accurate reflection of a data set where certain elements carry more significance, thus facilitating better decision-making and analysis.
The information that must be reported includes the individual values, their corresponding weights, the total of the weights, and the resulting weighted average.
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