How To Compute Weighted Mean In Excel

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How To Compute Weighted Mean In Excel

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Calculating Weighted Average In Excel Using Formulas

You can calculate the weighted average price per product by using the SUMPRODUCT function Here is the formula you can use SUMPRODUCT B2 B4 C2 C4 SUM B2 B4 Dividing the SUMPRODUCT result with the SUM of quantities makes sure that the weights in this case quantities add up to 100 How to calculate weighted average in Excel. by Svetlana Cheusheva, updated on March 21, 2023. The tutorial demonstrates two easy ways to calculate weighted average in Excel - by using the SUM or SUMPRODUCT function.

Calculating Weighted Average In Excel Using Formulas

How To Compute Weighted Mean In ExcelUsing SUMPRODUCT for weighted average in Excel. To calculate the weighted average here, enter the following formula in the cell where you want this value: =SUMPRODUCT(B2:B6,D2:D6) Now, hit Enter to get the weighted average for the above dataset in a decimal number. Converting decimal to percentage To calculated a weighted average you can use a formula based on the SUMPRODUCT function and the SUM function In the example shown the formula in G5 copied down is SUMPRODUCT weights C5 E5 SUM weights where weights is the named range I5 K5

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