How to Use the Weighted Average Formula in Excel (2024)

FAQs

How to Use the Weighted Average Formula in Excel? ›

To calculate the weighted average in Excel, you must use the SUMPRODUCT and SUM functions using the following formula: =SUMPRODUCT(X:X,X:X)/SUM(X:X) This formula works by multiplying each value by its weight and combining the values. Then, you divide the SUMPRODUCT but the sum of the weights for your weighted average.

Simply, in order to find the weighted average, one must first multiply all values in the data set by their corresponding weights. Then, add up the resulting products and divide by the sum of the weights. When dealing with percentages, one will usually find that the sum of weights is equal to 1 or 100%.

Returns the average (arithmetic mean) of the arguments. For example, if the range A1:A20 contains numbers, the formula =AVERAGE(A1:A20) returns the average of those numbers.

To create the formula using our sample list above, type =SUMPRODUCT(C2:C5,D2:D5) and press Enter. Each cell in column C is multiplied by its corresponding cell in the same row in column D, and the results are added up.

To calculate the GWA or General Weighted Average, collect all the subject details including subject, subject grade and credit hours or units. Now multiply each subject grade with its corresponding unitl. Once, you perform for all the subjects, sum all the subject weights and divide it with all the credit hours.

The average is the sum of all values divided by the number of values. In contrast, the Weighted Average is value multiplied by the weight, and added to find a solution. An Average is a mathematical calculation, whereas the Weighted Average is used in finance.

To use the weighted average model, one divides the cost of the goods that are available for sale by the number of those units still on the shelf. This calculation yields the weighted average cost per unit—a figure that can then be used to assign a cost to both ending inventory and the cost of goods sold.

The weighted average is determined by multiplying the percent of natural abundance by the actual mass of the isotope. This is repeated until there is a term for each isotope. For chlorine, there are only two naturally occurring isotopes so there are only two terms.

A time-weighted average is equal to the sum of the portion of each time period (as a decimal, such as 0.25 hour) multiplied by the levels of the substance or agent during the time period divided by the hours in the workday (usually 8 hours).

How to use average if in Excel? ›

We type = AVERAGEIF, opening parenthesis, the range of cells we want evaluated (cells B2 through B5) in the number of orders column, comma, the criteria by which the range is to be evaluated enclosed in quotes (greater than 50), comma, the range of cells we want to average (cells C2 through C5 in the Sales column), and ...

The Excel AVERAGE function is used to generate a number that represents a typical value from a range, distribution, or list of numbers. It is calculated by adding all the numbers in the list, then dividing the total by the number of values within the list.

In Excel, a formula is an expression that operates on values in a range of cells or a cell. For example, =A1+A2+A3, which finds the sum of the range of values from cell A1 to cell A3.

We'll use the SUMPRODUCT and SUM functions to determine the Weighted Average. The SUMPRODUCT function multiplies each Test's score by its weight, and then, adds these resulting numbers. We then divide the outcome of SUMPRODUCT by the SUM of the weights.

All arrays in a SUMPRODUCT formula must have the same number of rows and columns, otherwise you get the #VALUE! error. If any array argument contains non-numeric values, they will be treated as zeros. If an array is a logical test, it results in TRUE and FALSE values.

To do this, add the high, low, and close, then divide by three. Multiply this by the volume for that period. Record the result in a spreadsheet, under column PV. Divide PV by the volume for that period.

Your WAM is calculated by multiplying each unit of study mark by its credit point value, then adding these totals together. You then divide this by the sum of all credit points attempted. All units have an equal weighting of one. All units that are allocated a mark contribute to your WAM.

All the data has to be listed vertically. At the end of the last cell simply insert the formula =MKT(B1: B100). This will produce an MKT value in the range of values from B1 to B100. There is no limitation to the range and you may include any number of data.