Best Math Formula website. Search anything about Math Formula in this website.
how to calculate weighted average score in excel. We can calculate a weighted average by multiplying the values to average by corresponding weights then dividing the sum of results by the sum of weights. Weighted average is a type of an average that takes into account the relative importance of each value under consideration and is calculated by multiplying the respective weights in percentage terms with its corresponding value Weighted Average Formula W1X1 W2X2 WnXn Here w respective weight in percentage x value.
Calculating Weighted Average In Excel Using Formulas from trumpexcel.com
You can use SUMPRODUCT formula. The average is calculated by adding a range of numbers together and then dividing this total by the number of values in the range. The second column column C contains the weights.
Its clear that the computation of a simple average and.
Excel has a function that does exactly that and its called SUMPRODUCT. Calculate the SUMPRODUCT ie multiply each value by its weight and then calculate their sum in order to get. By definition SUMPRODUCT formula takes 2 or more lists of numbers and returns the sum of product of corresponding values. The formula below calculates the weighted average of.
