The Weighted Average (AKA Weighted Arithmetic Mean) in One Minute: Definition + Explanation
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YouTubeOne Minute Economics
The Weighted Average (AKA Weighted Arithmetic Mean) in One Minute: Definition + Explanation
The weighted average, also known as the weighted arithmetic mean, sounds like something ridiculously complicated but fortunately, it can be explained and defined in a way that makes it easy to understand. Simply put, you calculate the weighted mean whenever you want to give more weight or importance to certain factors. The definition of the ...
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