Weighted Average Formula

Weighted Average Formula Simple arithmetic mean gives equal importance to all items in a series. In some cases, all the items in a series may not have equal importance. In such cases the simple arithmetic mean will not be the suitable average. In such cases, the appropriate average is the Weighted Average or the Weighted Mean.

The Weighted Average or the Weighted Mean is used when the relative importance of the items in a series is not same for all items.

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