Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Weighted Arithmetic Mean
Another aspect to be considered is the importance we assign to each observation. The arithmetic mean as we calculated it so far gives equal importance to every observation. Hence, it is called Simple Arithmetic Mean. However, it may be necessary to give different weightages or importance to different observations.
Weighted Arithmetic Mean may be defined as the average whose component items are being multiplied by certain values known as 'weights' and the aggregate of the multiplied results are being divided by the total sum of their 'weights' instead of the sum of the items.
The term 'weight' stands for the relative importance of the differing items. The formula for computing weighted arithmetic mean is
Where represents the weighted arithmetic mean; X represents the variable values, i.e. X1, X2...Xn
merits and demerits of methods to determin trends
WHAT YOU MEAN BY UTILITY OF MANAGERIALECONOMICS
OmegaPlus Pty.Ltd. is a chain of Health Food stores operating in Australia: with 12 stores across Sydney, Melbourne and Brisbane. OmegaPlus has recently appointed a new CEO: San
Range Official Exports Target 2000-2001 Product ($ million) Plantation 500 Agriculture and Alli
solve problems
Analytical Approach We will illustrate this through an example. Example 1 A firm sells a product in a market with a few competitors. The average price charged by the
Poisson Distribution The poisson Distribution was discovered by French mathematician simon denis poisson. It is a discrete probability distribution. Meaning : In bi
Read the following data on the economy of Angoia and answer/respond to the questions/instructions that follow. Unless otherwise stated, the monetary figures are in real billions o
The project of building a backyard swimming pool consists of eight major activities and has to be completed within 19 weeks. The activities and related data are given in the follow
Problem 1 Do male and female students differ significantly in regard to their average math achievement scores, grades in high school, and visualization test scores? Can you con
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd