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Statistics and data science, defined

Weighted Mean (Calculation)

To simplify calculation of the weighted mean, weights mathematical symbol are often standardized to make their sum equal to the unit value, i.e. by dividing every weight by the total sum of all weights:

Formula: Weighted Mean (Calculation)

Then, the weighted mean is computed using weights mathematical symbol, standardized according to the above expression, from the following formula:

Formula: Weighted Mean (Calculation)

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