Definition--Measures of Central Tendency--Weighted Mean
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Algebra >> Probability and Data Analysis >> Data Analysis

Definition--Measures of Central Tendency--Weighted Mean

Weighted Mean

Weighted Mean

Topic

Statistics

Definition

The weighted mean is the average of a data set where each value is multiplied by a weight reflecting its importance.

Description

The weighted mean is used when different data points contribute unequally to the final average. It is commonly applied in finance to calculate portfolio returns, in education to compute weighted grades, and in various fields where data points have different levels of significance. The weighted mean provides a more accurate representation of data by considering the relative importance of each value.

In math education, the weighted mean is introduced to help students understand how different factors can influence an average. Teachers use weighted means to explain concepts of proportionality and significance, emphasizing their importance in real-world applications. Students often calculate weighted means as part of exercises on data analysis, enhancing their understanding of complex averaging techniques.

For a complete collection of terms related to Measures of Central Tendency click on this link: Measures of Central Tendency Collection.

Common Core Standards CCSS.MATH.CONTENT.HSS.CP.B.6, CCSS.MATH.CONTENT.HSS.CP.B.7, CCSS.MATH.CONTENT.HSS.CP.B.8, CCSS.MATH.CONTENT.HSS.CP.B.9, CCSS.MATH.CONTENT.HSS.MD.A.2, CCSS.MATH.CONTENT.HSS.MD.B.5, CCSS.MATH.CONTENT.HSS.MD.B.5.B, CCSS.MATH.CONTENT.HSS.MD.B.6, CCSS.MATH.CONTENT.HSS.MD.B.7
Grade Range 6 - 10
Curriculum Nodes Algebra
    • Probability and Data Analysis
        • Data Analysis
Copyright Year 2021
Keywords data analysis, measures of central tendency, definitions, glossary term, statistics