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what is the formula for weighted average in excel. 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. And there you have it.
Select the cell where the weighted average should go for us thats cell D15 and then type the following formula into the function bar. Lets take a look at what a weighted average is and how you calculate it in Excel. Calculating a weighted average is possible in Excel using the SUMPRODUCT formula.
SUMPRODUCTC3C11D3D11SUMD3D11 Press Enter after typing the formula to view the weighted average.
Excel SUMPRODUCT Formula what is it and how to use it. SUMPRODUCTC3C11D3D11SUMD3D11 Press Enter after typing the formula to view the weighted average. By using the Weighted Average Formula we get-. The basic formula for a weighted average where the weights add up to 1 is x1 w1 x2 w2 x3 w3 and so on where x is each number in your set and w is the corresponding weighting factor.