A value obtained by multiplying each of a series of values by its assigned weight and dividing the sum of these products by the sum of the weights. In the ordinary arithmetic mean, each value is assigned a weight of 1.
WEIGHTED MEAN
A value obtained by multiplying each of a series of values by its assigned weight and dividing the sum of these products by the sum of the weights. In the ordinary arithmetic mean, each value is assigned a weight of 1.
