Definitions
There is 1 meaning of the phrase
Weighted Mean.
Weighted 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 arithmetic meanweighted averageExample Sentences
"The weighted mean is used to calculate the average grade of students based on their credit hours."
"In finance, the weighted mean is employed to calculate the average return on investment."
"The weighted mean of a set of numbers gives more importance to certain values over others."
"Researchers often use a weighted mean to analyze survey results."
"In statistics, the weighted mean takes into account the varying influence of different data points."
