Suppose your teacher says, "The test counts twice as much as the quiz and the final exam counts three times as much as the quiz". The formula below calculates the weighted average of these scores. To calculate a weighted average in Excel, simply use SUMPRODUCT and SUM. Select the cell where you want the results to appear (in our example, that’s cell D14). As you can see in our table below, we’ve already assigned the relative weights to each quiz and exam in the D column. In other words, some values have more "weight". The average in column F is calculated for reference only with the AVERAGE function: In this example, the weights are configured to add up to 1, so the divisor is always 1, and the result is the value returned by SUMPRODUCT. Go to Next Chapter: Round, Weighted Average • © 2010-2020 If dimensions are not compatible, SUMPRODUCT will return a #VALUE error. Select the cell where the weighted average should go (for us that’s cell D15) and then type the following formula into the function bar. Since we launched in 2006, our articles have been read more than 1 billion times. A weighted average is one that takes into account the importance, or weight, of each value. Use the functions at step 3 and step 4 to calculate the weighted average of these scores in Excel. 1. First, the AVERAGE function below calculates the normal average of three scores. In Excel, this can be represented with the generic formula below, where weights and values are cell ranges: In the worksheet shown, scores for 3 tests appear in columns C through E, and weights are in the named range weights (I5:K5). Below you can find the corresponding weights of the scores. Now we can combine the two functions to determine the student’s final grade based on their scores and the weights of each score. What Does “OP” Mean Online, and How Do You Use It? Below you can find the corresponding weights of the scores. This article will show you how to use Excel’s SUMPRODUCT and SUM functions individually and how to combine the two to calculate a weighted average. Calculating averages is one of the most common tasks people do on a regular basis. SUM can handle up to 255 individual arguments. 3. Weighted Average Formula in Excel (With Excel Template) Here we will do the same example of the Weighted Average formula in Excel. Next, navigate to the “Formulas” menu, select the “Math & Trig” drop-down, scroll to the bottom, and click on the “SUM” function. Join 350,000 subscribers and get a daily digest of news, comics, trivia, reviews, and more. A good example would be calculating a student’s final grade based on their performance on a variety of different assignments and tests. You need to provide the two inputs i.e Relative weights and Rate of Return. The average price can be calculated using the Excel weighted average formula shown in the above spreadsheet on the right. But when the values have varying importance (or weight) against each other, you should use the weighted average instead. These values can be numbers, cell references, ranges, arrays, and constants, in any combination. The SUMPRODUCT function will multiply each score by its corresponding weight and then return the sum of all of those products. You'll also learn how to troubleshoot, trace errors, and fix problems. The Excel SUM function returns the sum of values supplied. The student’s final grade will be a weighted average, and we will use the SUMPRODUCT and SUM functions to calculate it. 5. The SUM function will add all of the values together. The following example will demonstrate how to use Excel’s SUMPRODUCT and SUM functions to calculate a weighted average. In most cases, you'll supply a range of cells to average, and the function will return the result. As you can see that, in the above table there are five tasks each one with its own “priority” and “completion percentage”. Hi - I'm Dave Bruns, and I run Exceljet with my wife, Lisa. A weighted average is an average that takes into account the importance, or weight, of each value. Start by selecting the cell where you want the result to appear (in our example, that’s cell D13). How-To Geek is where you turn when you want experts to explain technology. Instant access. Let’s Look at an Example In this accelerated training, you'll learn how to use formulas to manipulate text, work with dates and times, lookup values with VLOOKUP and INDEX & MATCH, count and sum with criteria, dynamically rank values, and create dynamic ranges. 1. 2. The “Function Arguments” window will appear. In other words, some values have more "weight". Read more. For us, those are in the D column. Read more: vertical and horizontal arrays. The SUMPRODUCT function requires that array dimensions be compatible. However, the scores in C5:E5, entered as a relative reference, update in each new row. For example, we could use a weight of 1 for the first two tests and a weight of 2 for the final (since the final is twice as important) and the weighted average will be the same: In cell G5, the formula is solved like this: Note: the values in curly braces {} above are ranges expressed as arrays. AVERAGE can handle up to 255 individual arguments, which can include numbers, cell references, ranges, arrays, and constants.

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