Weighted average is an average in which each quantity to be averaged is assigned a weight. Youll need to start by assembling a list of the numbers for which. The Weighted Average in Excel average v1 v2 v3total number of v.
By definition SUMPRODUCT formula takes 2 or more lists of numbers and returns the sum of product of corresponding values.
There is no built-in formula in Excel to calculate weighted averages. Once you have your numbers youll need to know how much each of them. How to Develop Your Skill Set to Advance Your Career. Calculating Weighted Average in Excel The concept of an average comes from mathematics average can be defined as the result obtained by adding several quantities together and then dividing this total by the number of quantities.