What is Weighted average?
Also known as: weighted mean
An average in which each value is taken into account with its weight (for example, its quantity): the values are multiplied by their weights, added up and divided by the sum of the weights.
Also known as: weighted mean
An average in which each value is taken into account with its weight (for example, its quantity): the values are multiplied by their weights, added up and divided by the sum of the weights.