A weighted average is a type of average where each value contributes differently to the final result based on its “importance” or “weight.” Unlike the simple average (where all values are treated equally), the weighted average gives more importance to some values.
The weighted average formula is:
In the video, I explain the concept of weighted average step-by-step in a way that is easy for beginners to understand. The video also includes several examples to help you grasp the concept more effectively. Additionally, I have created a quiz with questions based on this topic. Solving all the questions will enhance your understanding.
Watch the complete video, and feel free to reach out if you have any questions. If you notice any errors in the video, I encourage you to share them in the comments section.
Links to the related quiz are here: