This video tutorial offers a quick and easy way how to calculate a weighted average in Excel. Weighted average is a calculation standardly used if the values for calculating an average have a varying degree of importance. For weighted average, the degree of importance for each value is taken into account. Just like in our example, where the score for each exam has a different weight.
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⏱️Timestamps⏱️
0:00 Intro
0:29 What is the Difference between Weighted and Regular Average
1:00 How to Calculate the Average in a Standard Way
1:28 How to Calculate the Weighted Average Using the SUMPRODUCT Function
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Transcription How to Calculate the Weighted Average in Excel (Using the Function SUMPRODUCT)
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