FACTOID # 15: Most people live in poverty in most African countries.
 
 Home   Encyclopedia   Statistics   Countries A-Z   Flags   Maps   Education   Forum   FAQ   About 
 
WHAT'S NEW
RECENT ARTICLES
More Recent Articles »
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > Weighted average

In statistics, given a set of data,

X = { x1, x2, ..., xn}

and corresponding weights,

W = { w1, w2, ..., wn}

the weighted mean is calculated as

Note that if all the weights are equal, the weighted mean is the same as the arithmetic mean. While weighted means generally behave in a similar fashion to arithmetic means, they do have a few counter-intuitive properties, as captured for instance in Simpson's paradox.


Weighted versions of other means can also be calculated. Examples of such weighted means include the weighted geometric mean and the weighted harmonic mean.


See also

average, summary statistics, central tendency


  Results from FactBites:
 
Basic Math: Weighted Average (710 words)
This is an investment in bonds with $100,000 invested equally for five years yielding a weighted average of 3.53% or $3,532.00 annually.
The weights are given by w(1)=1, w(2)=5, w(3)=9.
The 3.532% figure is merely a simple average of the consolidated figures across the five year period.
John Halleck's Weighted Averages (2840 words)
In that case, the weighted average of one value is (W1*M1) divided by the sum of the weights.
If someone were to weight the shot by shot length the weighted average would have been: (10.3*10.3 + 10.8*10.8 + 10.5*10.5)/(10.3+10.8+10.5) or about 10.54 While shot length may, in some cases, be a good estimate of the correct weights, one can see here that it is not the same as using the correct weights.
Weight matrices on physical grounds have to be symmetric, so the weight has to have N columns and N rows.
  More results at FactBites »


 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments
Please enter the 5-letter protection code

Want to know more?
Search encyclopedia, statistics and forums:

 


Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms.