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WEIGHTED MEAN
MATHEMATICS IN MODERN WORLD.
WEIGHTED MEAN
• Multiplying the weight of a particular event or outcome with its
associated quantitative outcome and then summing all the products. • What is the Weighted Mean? • The weighted mean is a type of mean that is calculated by multiplying the weight (or probability) associated with a particular event or outcome with its associated quantitative outcome and then summing all the products together. It is very useful when calculating a theoretically expected outcome where each outcome has a different probability of occurring, which is the key feature that distinguishes the weighted mean from the arithmetic mean.i • It is important to note that all the probabilities or weights must be mutually exclusive (i.e., no two events can occur at the same time) and that the total weights and probabilities must add up to 100%. • When calculating an arithmetic mean, we make the assumption that all numbers used in the calculation show an equal probability of occurring or have equal weights. Thus, we do not need to account for the differences and can simply sum up the numbers that we are interested in finding the mean of and then dividing the sum by the number of observations. USES OF WEIGHTED MEANS
• Weighted means are useful in a wide variety of scenarios. For
example, a student may use a weighted mean in order to calculate his/her percentage grade in a course. In such an example, the student would multiply the weighing of all assessment items in the course (e.g., assignments, exams, projects, etc.) by the respective grade that was obtained in each of the categories. Consider a student with the following grades: FORMULA
• Σw - sum of all weights.
• X - symbol for weighted mean. • W - weight assigned to each observation. • Σ(w×x) -sum of the weight of each element times the element. • ˉx. -symbol for weighted mean. • Wi - weight applied to x values. • Xi -data values. EXAMPLES:
1. Calculate the weighted mean of the sample of numbers shown below.
16,20,12,16,16,10,16,20,24,20 2. In a class of 20, eight students average a score of 86, and seven students had an average of 74, and five students had an average test score Of 98. What is the average test score for the entire class? 3. In a certain college 20% of students have an average weight of 140 lbs , 35% of students have an average weight of 160 lbs , 30% of students have an average weight of 175 lbs , and 15% of students have an average weight of 195 lbs. Base on this data, what is the average weight of all students in this school?