How to Calculate a Weighted Average in Microsoft Excel
Microsoft Excel makes calculating a weighted average easier, allowing you to analyze data more effectively. Whether you’re handling business metrics, academic scores, or financial data, understanding how to compute a weighted average in Excel can help you make more informed decisions.
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How to Calculate a Weighted Average in Microsoft Excel
Calculating weighted averages allows you to account for the varying significance of different values in your data set. Follow the steps below to perform this calculation efficiently.
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Step 1. Enter Your Data
First, open Excel and input your data. In one column, list the values you want to average. In the adjacent column, list the corresponding weights for each value.
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Step 2. Multiply Values by Their Weights
In a new column, calculate the product of each value and its corresponding weight. For example, in cell C2, enter the formula =A2*B2. Drag this formula down the column to apply it to all rows.
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Step 3. Sum the Weighted Values
Sum the products of the values and their weights. At the bottom of your new column, use the SUM function to add up these products. For instance, in cell C10, enter =SUM(B2:B6).
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Step 4. Sum the Weights
Sum the weights in the column where you listed them. At the bottom of the weight column, use the SUM function. For example, in cell B10, enter =SUM(C2:C6).
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Step 5. Calculate the Weighted Average
Divide the total of the weighted values by the total of the weights. In a new cell, enter the formula =C7/B7. This result is your weighted average.
You may also find valuable insights in the following articles offering tips for Microsoft Excel:
FAQs
What is a weighted average in Excel?
A weighted average considers the relative importance of each value.
How do I input data for a weighted average?
Enter values in one column and corresponding weights in an adjacent column.
What formula multiplies values by their weights in Excel?
Use the formula =A2*B2 and drag it down the column.
How do I sum the weighted values in Excel?
Use the SUM function on the column with the weighted products.
How is the weighted average calculated in Excel?
Divide the sum of the weighted values by the sum of the weights.