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

"Over time, procurement price of ethanol has increased and now the weighted average price of ethanol is higher than cost of refined petrol," the petroleum ministry said earlier this month.

From BBC

“The more robust picture is a weighted average across them.”

From Los Angeles Times

These figures represent the weighted average increase to the base rate for the top 20 insurance companies writing home policies in Washington.

From Seattle Times

In 2022, some advocated for switching to a new set of methods, based on a weighted average across races, that has proved just as accurate in predicting symptoms and clinical outcomes.

From Science Magazine

"So instead we want to give a weighted average to the students around the middle, forcing them to focus more on everyone instead of the dominating group."

From Science Daily