Question

Explain weighted arithmetic mean. Write its formula.

Answer 1

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To give due importance to each item under consideration, we assign a number called a weight to each item in proportion to its relative importance.

The weighted arithmetic mean is computed by using the following formula: ¯Xw=∑wx∑w. Here: ¯Xw stands for weighted arithmetic mean.

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Answer 2

Answer:

To give due importance to each item under consideration, we assign a number called a weight to each item in proportion to its relative importance.

The weighted arithmetic mean is computed by using the following formula: ¯Xw=∑wx∑w. Here: ¯Xw stands for weighted arithmetic mean.

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