To calculate the weighted average in Excel, use the SUMPRODUCT and SUM functions in the following formula:
=SUMPRODUCT(X:X,X:X)/SUM(X:X)
This formula works by multiplying each value by its weight and combining the values. Then, you divide the SUMPRODUCT by the sum of the weights for your weighted average.
Still confused? Let's go over the steps in the next section.
Using SUMPRODUCT to Calculate Weighted Average in Excel
Here are my steps for using SUMPRODUCT.
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