The weighted mean is a measure of central tendency . The weighted mean of a set of values is computed according to the following formula:
- are non-negative coefficients, called “weights”, that are ascribed to the corresponding values .
Only the relative values of the weights matter in determining the value of the weighted mean. In other words, if you multiply each weight by a positive value and recalculate the weighted mean with new weights , then the value remains the same.
The greater the weight in respect to other weights, the greater the contribution of the corresponding datum into the resultant value of the weighted mean.
The weighted mean is used, for example, to aggregate a set of scores (e.g. examination scores on different subjects) to a single resultant score. In this case, the magnitude of the weights reflects the importance of their respective subjects. (For this reason, the weighted mean is sometimes named the aggregate mean ).