Weighted Average Calculator

Want to find the average of different quantities in a couple of minutes? If yes, our weighted average calculator is here to assist you.

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Table of Contents:

Introduction to Weighted Average Calculator

Weighted average calculator is an online tool that helps you to find the average of different quantities in a couple of minutes. It evaluates the average weight from the given data set and helps to find the best quantity.

Weighted Average Calculator with Steps

Weighted mean calculator is a valuable tool because it helps you in decision-making in which you only select that quantity which gives you better results as compared to other quantities.

What is the Weighted Average?

Weighted average is a method that is used to find the average value from the given weight data set of different types of quantities. It must be noted that here quantities do not mean the physical quantity but they mean a quantity of numbers, integers, decimals, or percentages.

It is used to make a decision when you have so many quantities and you want to find the best one of all. It is calculated with the weighted average formula.

Formula of Weighted Average

The weighted average formula is the sum of weight from the data set multiplied by total quantities and divided by its summation of weight. The average calculator with weight follows the following formula to calculate the weighted average.

$$ W \;=\; \frac{\sum_{i=1}^{n} w_i X_i}{\sum_{i=1}^{n} w_i} $$

Whereas,

  • W is the total weight from the given data
  • X is the total number of quantity
  • n is the number of weight

How to Calculate Weighted Average by Using Weight Average Calculator

For Calculating weighted average, let's take an example of an average weighted problem to see how our weighted average calculator works. These steps are

Step 1:

Determine the given weight of each number that is given in the below example.

For example, three exam scores are

  • Exam 1: 80 (weight: 0.3)
  • Exam 2: 75 (weight: 0.4)
  • Exam 3: 85 (weight: 0.3)

Step 2:

To find the weighted average apply the formula of average weight.

$$ Weighted\; Average \;=\; (w_1 \times x_1 + w_2 \times x_2 + ... + w_n \times x_n) / (w_1 + w_2 + ... + wn) $$

Where: w1, w2, ..., wn are the weights corresponding to values x1, x2, ..., xn respectively.

Step 3:

Now calculate the sum of each number multiplied by its weight, which multiply each weight with its cross-pounding score and then add them as shown below.

$$ \;=\; (0.3 \times 80 + 0.4 \times 75 + 0.3 \times 85) $$

$$ \;=\; (24 + 30 + 25.5) $$

$$ \;=\; 79.5 $$

Step 4:

Find the sum of weight which is equal to

$$ \;=\; (0.3 + 0.4 + 0.3) $$

$$ \;=\; 1 $$

Step 5:

After that divide the sum of each number multiplied by its weight by the sum of weight.

$$ Weighted\; Average \;=\; \frac{(0.3 \times 80 + 0.4 \times 75 + 0.3 \times 85)}{ (0.3 + 0.4 + 0.3)} $$

$$ \;=\; \frac{(24 + 30 + 25.5)}{ (0.3 + 0.4 + 0.3)} $$

$$ \;=\; \frac{79.5}{1} $$

$$ \;=\; 79.5 $$

So the weighted average score of this exam is 79.5.

Solved Example of an Average Weighted

The weighted average calculator can solve the average from the set of data but its main purpose is to let you know the step-by-step calculation process. So we are going to provide you with an answer for practicing.

Example:

Find the average weighted grades of given data

$$ Timmy\; Exams \;=\; 50%, \;quizzes \;=\; 40%, \;and\; assignments \;=\; 70% $$

$$ Bob\; Exams \;=\; 76%, \;quizzes \;=\; 65%, \;and\; assignments \;=\; 12% $$

Solution:

Change all the number values to decimal values.

$$ Timmy: 0.50,0.40, 0.70 $$

$$ Bob: 0.76, 0.65, 0.12 $$

Find the weighted mean, use the following formula,

$$ \bar{x}\;=\; \frac{(x_1 . w_1) + (x_2 . w_2) + … + (x_n . w_n)}{w_1 + w_2 + … + w_n } $$

$$ \bar{x} \;=\; \frac{(0.5 . 0.76) + (0.4 . 0.65) + (0.7 . 0.12)}{0.76 + 0.65 + 0.12} $$

$$ \bar{x} \;=\; 0.4732 $$

Then change the answer from decimal to percentage as 0.4732*100. So, the comparison between Timmy's and bob grades is 47%.

How to Use a Weighted Mean Calculator

Weighted calculator average has a simple layout that allows you to solve different types of problems immediately. You do not need to put in any external effort just follow our instructions so that you do not find any difficulty. These steps are:

  • Enter the weight number value in the input field
  • Enter the data value of the number in the input field
  • Check your input data before clicking the calculate button to get the actual solution using the average weight method.
  • Press the “Calculate” button for the solution of a weight average questions
    Press the “Recalculate” button for more evaluation of the weight average example solution
  • You can use the load example to do more evaluation process of the average weight questions with a solution

Output of Weighted Average Calculator

Average calculator with weight gives you a solution of your input data when you click on the calculate button that starts the evaluation process. It may include as:

Result Box

You get the solution to average weight problems when you click on the result button.

Steps Box
Click on the Possible steps option to get the solution of the given average weight question from the calculator.

Benefits of Using Weighted Calculator Average

Weight average calculator is a wonderful tool for solving number problems using the average weight method. It gives you serval benefits whenever you use it to find the average from the given data set. These benefits are

  • The calculator for weighted average is a reliable tool as it gives you accurate solutions to average weight problems
  • Weighted averages calculator has a user-friendly tool so that anyone even a beginner can easily use it to solve the given number problems.
  • You do not need to sign up before using it for the calculation of the average in the weighted mean calculator
  • Weighted calculator average is a speedy tool that provides you with the solution to the given data question in a fraction of a second
  • The weighted average calculator is a free online tool, so you can find it for evaluation of average weight questions without spending
  • An average calculator with weight is used for practice to solve various kinds of examples of percentages, scores, and decimal data sets with the solution.
Related References
Frequently Ask Questions

What is an example of a Weighted Average Rice?

A common example of a weighted average price is in finance when calculating the average price of a stock or asset over a specific period, to check the volumes traded at each price point.

For example: Calculate the weighted average price of a stock in a given trading day. During the day stock may have been traded at different prices, and the volume at each price point also varies that is given as,

$$ 100\; shares\; at\; \$10 \;per\; share $$

$$ 200\; shares\; at\; \$12 \;per\; share $$

$$ 150\; shares\; at\; \$15 \;per\; share $$

  • To calculate the weighted average price, apply the average weight formula.
  • Multiply each price by the volume of shares traded at that price.

$$ (100 \times \$10) \;Share \;=\; \$1,000 $$

$$ (200 \times \$12) \;=\; \$2,400 $$

$$ (150 \times \$15) \;=\; \$2,250 $$

  • Add up the values of the total weight or volume of each trade point.

$$ \$1,000 + \$2,400 + \$2,250 \;=\; \$5,650 $$

  • After that sum all the total number of shares from the given data.

$$ (100 + 200 + 150) \;shares \;=\; 450\; shares $$

  • Divide the sum of values by the total volume as,

$$ (\frac{\$5,650}{450})\; shares \approx \$12.56\; per\; share $$

So, the weighted average price of the stock for that trading day is approximately $12.56 per share.

How to Calculate Weighted Average for Grades?

To calculate a weighted average for grades, let's see an example of a weighted average grade in steps to observe the calculation process of weight average.

  1. First, convert grades into decimals to easily calculate as 85% = 0.85.
  2. After that multiply grades by Weights to their corresponding weight and then add it.
  3. Then add up all the grades from the data set.
  4. Divide the sum of weighted grades by the sum of weights as mentioned in the average weight formula.

How to Calculate the Weighted Average Percentage?

To calculate a weighted average percentage, you follow similar steps for calculating a regular weight average problem in steps. These steps are:

  1. First, convert percentages to decimals for example 20% = 0.20.
  2. Multiply percentages by weights and sum up the weighted percentages
  3. Then sum up the total weights.
  4. After that, it divides the sum of weighted percentages by the sum of weights: $$ Weighted\; Average \;=\; weight \times \frac{total\; number}{weight} $$
  5. Again convert the result into a percentage.

How to Calculate Weighted Average Score?

Calculating weighted average score involves assigning weights to different scores and then computing the overall average based on these weights. These steps are

  1. Determine the weight or importance of each component of the score. These weights can be percentages or decimals that sum up to 1 (or 100% if using percentages).
  2. Then it multiplies each individual score by its corresponding weight and then sums it up.
  3. Add up total weights from the given data.
  4. After that divide the sum of the weighted scores by the sum of the weights.

How to Calculate the Weighted Average Interest Rate?

Calculating a weighted average interest rate involves determining the proportion of loans or investments from the total value in relation. Then it computing the overall average is based on these proportions. Here's how you can calculate weighted average interest rate:

  1. As per the formula of average weight multiply each rate by its weight
  2. Then add up all the weighted interest rates from the data set.
  3. After that add up all the weights used in the set.
  4. It divides the sum of the weighted interest rates by the sum of the weights.
  5. Lastly, convert the result of the weighted Average interest rate into a percentage

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