Question

Find the weighted average of these values.

Value Weight

5.005.00 75.0%75.0%

6.006.00 15.0%15.0%

7.007.00 10.0%10.0%

Answer 1

Answers:

The Weighted Average = 5.35

Step-by-step explanation:

The weighted average is given by:

W(avg) = v1*w1 + v2*w2 + v3*w3

v1.v2.v3 are the values

w1,w2,w3 are the weights

W(avg) = 5.00*0.75 + 6.00*0.15 + 7.00*0.10

W(avg) = 3.75+0.9+0.7

W(avg) = 5.35

Hence, the weighted average is equals to 5.35