What is the definition of Weighted average? | Dictionary.net

WEIGHTED AVERAGE

\wˈe͡ɪtɪd ˈavɹɪd͡ʒ], \wˈe‍ɪtɪd ˈavɹɪd‍ʒ], \w_ˈeɪ_t_ɪ_d ˈa_v__ɹ_ɪ_dʒ]\

Definitions of WEIGHTED AVERAGE

1910 - Black's Law Dictionary (2nd edition)

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Mean where each item averaged is multiplied by a number based on its importance relative to others. Also known as weighted mean.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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