Question

Differentiate between simple arithmetic mean and weighted arithmetic mean.

Answer 1

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In a simple arithmetic mean, you just add up all the values and divide by the number of data points. In a weighted mean, you multiply the values by a certain factor that is based on some other criterion to give more 'weight' to some values than others.

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Answer 2

Answer:

In a simple arithmetic mean, you just add up all the values and divide by the number of data points.

In a weighted mean, you multiply the values by a certain factor that is based on some other criterion to give more 'weight' to some values than others.

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