Weighted Mean calculator for calculating the weighted mean statistics for the given set of data. If all the values are equal, then the weighed mean is equal to the arithmetic mean.
Weighted Mean calculator for calculating the weighted mean statistics for the given set of data. If all the values are equal, then the weighed mean is equal to the arithmetic mean.
Arithmetic mean computed by considering relative importance of each items is called weighted arithmetic mean. To give due importance to each item under consideration, we assign number called weight to each item in proportion to its relative importance.