Before going to learn the weighted average formula, let us see what is a weighted average. It's an average where a weight is assigned to each of the quantities that are needed to be averaged. These weightings help us in determining the respective importance of each quantity, on average. A weighted average can be considered to be more accurate than any simple average, as all the numbers in the set of data are assigned with identical weight. Let us study about weighted average formula using solved examples.
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The weighted average formula is more descriptive and expressive in comparison to the simple average as here in the weighted average, the final average number obtained reflects the importance of each observation involved. It can be expressed as:
Weighted Average = Sum of weighted terms/Total number of terms
Let us see the applications of the weighted average formula in the following section.
Example 1: In a class of 30 students, the average height of 16 students is 100 cm. The remaining students have an average height of 115 cm. What is the average height of the whole class?
To find: Average height of students of the class.
Given: Total number of students = 30
w1 = 16
w2 = 25 - 16 = 14
x1 = 100
x2 = 115
Now, to find the sum of weighted terms, multiply the average height with the respective students and then add them up.