WEIGHTED ARITHMETIC MEAN
(noun)Definitions
There is 1 meaning of the phrase
Weighted Arithmetic Mean.
Weighted Arithmetic Mean - as a noun
An average in which each quantity to be averaged is assigned a weight, determining the relative importance of each quantity on the average.
Example: "This simple mechanical model is now a familiar representation of the weighted arithmetic mean of a set of observations."
Synonyms (Exact Relations)
weighted averageweighted meanExample Sentences
"The weighted arithmetic mean is used to calculate the average taking into account different weights for each value."
"The weighted arithmetic mean gives higher importance to values with larger weights in the calculation."
"In finance, the weighted arithmetic mean is often used to calculate a stock index."
"To compute the weighted arithmetic mean, multiply each value by its corresponding weight and then sum them all up."
"The weighted arithmetic mean is a commonly used statistical measure in research studies."
Word Variations & Relations
A-Z Proximities
weighmenweighsweightweight-liftweighted Weighted Arithmetic Mean
weighterweightersweightierweightiestweightily
