Define weighted mean?How do you calculate it?Explain
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2
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- Weighted Mean: A mean where some values contribute more than others.
- When the weights add to 1: just multiply each weight by the matching value and sum it all up.
- Otherwise, multiply each weight w by its matching value x, sum that all up, and divide by the sum of weights: Weighted Mean = ΣwxΣw.
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Summary
Summary
1. Weighted Mean: A mean where some values contribute more than others.
2. When the weights add to 1: just multiply each weight by the matching value and sum it all up.
3. Otherwise, multiply each weight w by its matching value x, sum that all up, and divide by the sum of weights: Weighted Mean = ΣwxΣw.Weighted Mean: A mean where some values contribute more than others.
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