Is the weighted average useful?

Is the weighted average useful?

2 February, 2022

Ans : Yes, the weighted average is a useful statistical measure since it allows the user to smooth out the fluctuations and cover the uneven data while finding the average. It is a relatively easier and more accurate method of finding the average of a given data set. Further, the best usage of the weighted arithmetic mean is when even individual values in the data set have a different influence on the average.