weighted average

noun

1. an average calculated by taking into account not only the frequencies of the values of a variable but also some other factor such as their variance. The weighted average of observed data is the result of dividing the sum of the products of each observed value, the number of times it occurs, and this other factor by the total number of observations

Example Sentences

He defines P as the weighted average of the p's , and fails, I think, to see how completely this ties it up with T.

From Project Gutenberg

P is not a mere average, but is a weighted average, and T is always the denominator in the formula for P.

From Project Gutenberg

The resulting weighted average would be a reliable record of the profits return throughout industry at the particular time.

From Project Gutenberg