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weighted average

weighted average A weighted average is an average that gives different importance to different items according to their relative amounts or use, rather than treating all items equally.

A weighted average is an average that gives different importance to different items according to their relative amounts or use, rather than treating all items equally. In the source, it is described as an improved way of calculating price index numbers.

Also see

Sources

Drafting source: Baldwin Dictionary of Philosophy and Psychology, 1901. 1901 New York Macmillan original; archive index checked 2026-10-18. “Index Number” (Indexn).
public-domain-US · Definition uses new wording; original source retains its stated licence. · Source snapshot SHA-256: 1be10ba2969f01c804562b5b8c0f1da1a39b993e570162fd1a6486e1a62be5f2

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PsychTerms (psychterms.org), CC BY 4.0, version 1. “weighted average.” Development preview.

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