Weighted Mean: Difference between revisions
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(Created page with "{{Learning concept |Description=The weighted mean is found by multiplying each observation by its corresponding weight. It is a special case of the arithmetic mean. |Wikipedia...") |
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{{Learning concept | {{Learning concept | ||
|Description=The weighted mean is found by multiplying each observation by its corresponding weight. It is a special case of the arithmetic mean. | |Description=The weighted mean is found by multiplying each observation by its corresponding weight, and then dividing it by the total weight. It is a special case of the arithmetic mean. | ||
|Wikipedia reference=http://en.wikipedia.org/wiki/Weighted_Mean | |Wikipedia reference=http://en.wikipedia.org/wiki/Weighted_Mean | ||
}} | }} | ||
Latest revision as of 15:28, 18 May 2014
Description
The weighted mean is found by multiplying each observation by its corresponding weight, and then dividing it by the total weight. It is a special case of the arithmetic mean.
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/Weighted Mean
Learning Material
Covered in Topic(s)
| Descriptive Statistics (Measures of Central Tendency and Dispersion) |