Business Mathematics, Logical Reasoning and Statistics
Seating Arrangements
5% weightage

Weighted Mean

Complete study guide with 3 practice questions, detailed explanations, and expert solutions for Weighted Mean in CA Foundation Business Mathematics, Logical Reasoning and Statistics.

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Study Notes: Weighted Mean

Free study material for CA Foundation Business Mathematics, Logical Reasoning and StatisticsSeating Arrangements

Weighted mean accounts for importance weights: x̄w = Σ(x × w)/Σw. Example: Grades with weights. English 80 (weight 0.4), Math 75 (weight 0.6). Weighted mean = (80×0.4 + 75×0.6)/(0.4+0.6) = (32 + 45)/1 = 77. Investment returns: $1000 at 5%, $2000 at 8%. Weighted return = (1000×0.05 + 2000×0.08)/3000 = 210/3000 = 7%. Solving: Identify weights. Multiply values by weights. Sum both; divide. Advantages: Reflects relative importance. Disadvantages: Requires weight information. Exam tip: Use when data points have different importance. Verify weights sum to 1 (or total/n). Practice: Portfolio, grade, and average rate problems.

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