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3 cards from this section. Quick, good the night before a test.
Define the weighted arithmetic mean.
Consider how each item’s significance differs.
What formula is used to calculate the weighted mean?
Think of how weights and values combine.
What is the purpose of using a weighted mean?
Think about averages in real-life scenarios.
True or False: The weighted mean can be misleading if the weights are not rightly assigned.
Consider how incorrect data assignment could affect outcomes.
A shop sells 70 apples at $1 each, 30 apples at $1.50 each, and 10 apples at $2 each. Calculate the weighted average cost of an apple.
Add up all the costs multiplied by their counts.
In a survey, two groups had the following reactions: Group A (30 people rated 1-5 scale scores of 3 and 60 people rated scores of 4). What is the weighted mean of their ratings?
Focus on the scores and the number of ratings to calculate properly.
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