What is a Weighted Average?

  Рет қаралды 362,172

Tyler DeWitt

Tyler DeWitt

Күн бұрын

Пікірлер: 275
@tdewitt451
@tdewitt451 12 жыл бұрын
Hey everyone, I'm here to help. If you have any questions or just want to learn more, click on the link in the description above. It'll take you to a page where you can ask me questions.
@htethtet3440
@htethtet3440 2 жыл бұрын
I'm so so happy and grateful for having a person who can explain Chem this easily. The school need more professors like him. Thank you so much.
@smritimisra
@smritimisra 7 жыл бұрын
How incredibly creative and helpful! How patiently and beautifully was this explained! 🙏🏼
@jhoysienho6850
@jhoysienho6850 9 жыл бұрын
Thank you for showing us how to do the weighted mean. U did better than my teacher. Thanks again
@tianova4834
@tianova4834 6 жыл бұрын
Yup thank man, I’m still sad tho cause I’m gonna fail my midterm
@karnakmonroe5740
@karnakmonroe5740 4 жыл бұрын
@@tianova4834 I never finished high school ( got a GED) and had to teach myself algebra, geometry, trig, and finally calculus. Im an accountant now. I hope you did well.
@kaykhinemya8086
@kaykhinemya8086 4 жыл бұрын
Absolutely, he did better than my teacher :)
@jadeyun8149
@jadeyun8149 5 жыл бұрын
Average of the group at 1:35 should be ((100 * 5) + 300)/6 which is 133. Average is sum of weight divided by sample size.
12 жыл бұрын
I thought this was average of different groups. The average person in your first example weighs 133 pound, the average group of people weighs 200. The average car weighs 3432 pounds, whilst the average car MODEL weighs 4000 pounds. I don't get the regular average at all, there is one average, and if it's 3432 or 4000 depends on the question. Maybe Swedish uses a different definition of average, but to me, weighted average is the only average.
@zenitsuagatsuma8898
@zenitsuagatsuma8898 4 жыл бұрын
Same here, weighted average is the only average that i know.
@FM-dy9li
@FM-dy9li 4 жыл бұрын
Déclaration très incorrect tu sais, c’est faux. You’re obviously spitting nonsense my friend average weight for a man is 75kg 165 lbs, for a woman 45kg 100 lbs. You can’t call yourself a man if you are 133 lbs, a sub man perhaps.
@vinayabhat6006
@vinayabhat6006 3 жыл бұрын
it is , in the "regular averag" the abundance is 50%.. thats why we multiply the sum of the observations by 1/2
@vinayabhat6006
@vinayabhat6006 3 жыл бұрын
ik they use similar terminology in India and therefore these AP textbooks really confuse me
@chunshine
@chunshine 3 жыл бұрын
I was honestly so confused when he did (100+300)/2 as the average weight. I've never seen that done.
@yobabyyo
@yobabyyo 6 жыл бұрын
Um, yeah...I've also never heard of his version of the "regular average". All he's doing with his "weighted average" is to calculate the mean. "Weighted average" means that instead of assigning the same weight to each element (by simply dividing the sum by the number of elements), you assign different weights (importances) to different elements. It ends up giving a "preference" to certain elements in the sum. For example, you might have 10 measurements of your height, but five were done using a meter stick with only tickmarks every decimeter, and five were done properly using an accurate tape measure. You might not want to throw out the five less reliable measurements, but somehow you have to give them less "weight" - so you calculate a weighted average, giving e.g. the "bad" measurements only half the weight of the good ones. What you would actually end up doing here is to count each good measurement twice, and each bad one once when calculating the sum. Then divide the sum by the number of total counts, i.e.15 in this example. It biases the mean towards the good measurements in the end....look it up on wikipedia : )
@erinaqueen8313
@erinaqueen8313 7 жыл бұрын
thank you so so so much! I'm taking Chemistry online on FLVS (Florida Virtual school) and the explanation was really confusing. I came to you tube as last resort and you explained it perfectly ! thank you thank you thank you!
@jasstan180
@jasstan180 3 жыл бұрын
Hi thanks for this. In 9:14, the answer you came up with was 3432 but when I did my calculations (did it thrice just to make sure), the weighted average I came up with was 3430 pounds.
@nedalmoheef2243
@nedalmoheef2243 Жыл бұрын
me too bro lol :)
@VCodeIt
@VCodeIt Жыл бұрын
mee also
@leeladsouza1856
@leeladsouza1856 8 жыл бұрын
hey if the kids weigh 100 pounds each, then together the weight is 500 and then for the average, you got to add to 300 and divide by 6 - hey is that not normal average. why do you call it weighted average?
@billiebillie678
@billiebillie678 8 жыл бұрын
+Tyler DeWitt could you please answer this question? Or anyone?
@leeladsouza1856
@leeladsouza1856 8 жыл бұрын
cool!
@GRIMRAJ
@GRIMRAJ 8 жыл бұрын
these are basic so i think he should rectify it too
@marurodriaz8412
@marurodriaz8412 6 жыл бұрын
Absolutely agree!! Why does he start calculating the mean for the kids?
@genfaamanfunzii2623
@genfaamanfunzii2623 3 жыл бұрын
The identical weight of the five kids helps to explain weighted average more easily.
@penguinmonk7661
@penguinmonk7661 2 жыл бұрын
I had a complete blackout when I encountered weighted average for a problem for a project on heat dissipation simulation, thank you for this brief and perfect explanation, I am up to speed again.
@SacredMachines
@SacredMachines 4 жыл бұрын
What you're calling "regular average" is the average of the averages between the two groups (kids/adult). 5 kids at 100 lbs each (500 lbs) + 1 adult at 300 lbs (300 lbs) divided by the count of individual entities (6) = 133.33.
@fullmastrinio
@fullmastrinio Жыл бұрын
Yeah, this is a missleading video unfortunately. Perhaps he just made a mistake but he could have double checked his calculation before posting something wrong
@sourabhchawariya6602
@sourabhchawariya6602 7 ай бұрын
Exactly
@anmolpardeshi3138
@anmolpardeshi3138 7 ай бұрын
Isnt his “weighted average” just the simple average? And then to get the weighted average, shouldnt it be ( (5/6*100)+(1/6*100) )/2?
@y0da._.
@y0da._. 3 жыл бұрын
This guy loki saved me life!?!?! thx dude soooo much ur a lifesaver I literally have a test coming up and I didn't understand this lesson but thanks to you know I do?!?!?!🤩🤩🤩☺☺☺
@MultiDrGh
@MultiDrGh 10 жыл бұрын
lemona cars are awesome!
@areebaejaz9498
@areebaejaz9498 3 жыл бұрын
This is the best lesson on weighted average. I was studying borrowing costs in accounting and this made it so much easier. Thank you for this amazing explanation.
@XMChess-bn2jl
@XMChess-bn2jl 6 ай бұрын
Excellent video. Precise and clear explanation. I especially like how you show converting % into decimals and how you split the fraction with common denominator. I needed to understand this weighted average for my work to get average cost of multiple products with different prices per each product and make the comparison with previous year's figures. Thank you 👍
@lydiaaustin2204
@lydiaaustin2204 11 жыл бұрын
Are you going into teaching? I'm a chemistry student and your videos have given me a much deeper understanding of chemistry and pass many tests!
@amrmagdy5041
@amrmagdy5041 6 жыл бұрын
Great job on the material and how you explain stuff, keep up the good work Mr.Dewitt :)
@zyambo
@zyambo 5 жыл бұрын
Excellent explanation! Odd that some people have disliked this brilliant video.
@ABC2691
@ABC2691 6 жыл бұрын
An amazing video. I struggled so much understanding weighted average before watching this. Thank you so much Sir :) Respect from India
@BreathingInPixels
@BreathingInPixels 7 жыл бұрын
This is "The best elaboration". Thanks a lot brother.
@seanchow1999
@seanchow1999 10 жыл бұрын
Well explained by using the lemonas analogy!! Mann.. He is such a genius! Clap clap clap :D
@jordanj7590
@jordanj7590 6 жыл бұрын
your pictures and humor help immensely !
@hdela8172
@hdela8172 5 жыл бұрын
Well said! I completely understand nowTyler😁👍🏾 You are amazing man! You have a gift and you are very passionate in what you do💯
@xochitlramirez5333
@xochitlramirez5333 8 жыл бұрын
You really helped me understand math for my accounting class. You are the first person that I have understood. Could you do any videos for math classes?
@ashenafinuguse6671
@ashenafinuguse6671 9 жыл бұрын
I was in debate with many people about weighted average !! this is exactly what I was thinking thanks a lot
@amalalife1993
@amalalife1993 4 жыл бұрын
You are a great man! Thank you 🙏🏼from Kuwait 🇰🇼
@TheSmilingali
@TheSmilingali 8 жыл бұрын
Tyler you are really good. Keep it up for such a great explanation .
@sheikhberyal3290
@sheikhberyal3290 6 жыл бұрын
You posted it on in 2012, And I'm thankful to you now in 2018 :)
@maureenobando4956
@maureenobando4956 2 жыл бұрын
OMG! Thank you, simple, easy to process explanations are rare. I appreciate it!
@omom4248
@omom4248 Жыл бұрын
You gorgeous 🎉
@thilankams
@thilankams 2 жыл бұрын
Isn’t the way how regular average calculated is bit ??? the regular average is sum of all weights divided by the number (500+300)/6 is 133. it’s same as the weighted average. 🧐🧐🧐. is both are same then 🙄
@charleshaines7820
@charleshaines7820 4 жыл бұрын
I just found it strange how there are four shirtless bodybuilders surrounding a little kid.
@stephencollins1707
@stephencollins1707 3 ай бұрын
Thank you for this video!!! I am studying finance and this video is very helpful.
@rituponphukon860
@rituponphukon860 3 жыл бұрын
You are my hero sir. ❤️❤️❤️❤️ From ASSAM .
@some_random1835
@some_random1835 10 жыл бұрын
Big Thanks! My Algebra exam is tomorrow and this type of question will be on it. This helped a lot.
@yt_bharat
@yt_bharat 2 жыл бұрын
Excellent teacher and superb communication
@marcoglara2012
@marcoglara2012 4 жыл бұрын
Seems like you’re referring to the Standard average calculation as the weighted average.
@brianaranha4870
@brianaranha4870 4 жыл бұрын
Really well explained and graphically represented. Kudos
@namratachauhan9740
@namratachauhan9740 8 жыл бұрын
Explained very clearly and extremely helpful :) Thank you
@ancavaida7481
@ancavaida7481 4 жыл бұрын
wish I had access to this when I was going to school (2 decades ago), life would've been a lot easier :D
@mohammadrahmat9412
@mohammadrahmat9412 10 жыл бұрын
thank you very much , saw alot of examples and videos but none of them made the concept of weight clear as much as you did cuz in some situations weight isnt given and i was wondering how to calculate but not anymore now :)
@n.s.karthik5628
@n.s.karthik5628 6 жыл бұрын
Wow, your explanation is amazing. Thank you.
@hemaupadhyay4160
@hemaupadhyay4160 8 жыл бұрын
ur videos are awesome. Its seriously helped me a lot.thanks Tyler
@sd1556
@sd1556 Жыл бұрын
love your videos, you're saving me in chemistry class. Thanks!!
@alexkorinth6459
@alexkorinth6459 4 жыл бұрын
I was watching this to figure out a dynamics problem, and I got whiplash when he went "And now you can calculate atomic mass" like whoa there buckaroo, that's not my department. Then I remembered this is a chemistry channel.
@johnnylch18
@johnnylch18 Жыл бұрын
I guess I always assumed the weighted average was the way to calculate regular average 🤷‍♂️
@SeverSava
@SeverSava 7 жыл бұрын
... all you did mate, is to calculate the regular mean. That (100+300)/2 is from nowhere and has no meaning. In the end you explained in a complicated way how to do a regular mean. ....
@obriantguyful
@obriantguyful 7 жыл бұрын
He's calculating the average weight if there was 1 kid and 1 father. (100+300)/2 = 200lbs. He didn't necessarily get it from 'nowhere'. Just using it as a simple explanation of how to calculate an average of something.
@niranjanwjames910
@niranjanwjames910 6 жыл бұрын
Very clear explanation. Thank you Tyler.
@sulaimansafdar8491
@sulaimansafdar8491 6 жыл бұрын
Great video.. Have a question about your example with using the percentages. To get the answer in percentage and not in pounds, do we simply divide the answer in pounds by 100 to get the percentage?
@stellaluceat7335
@stellaluceat7335 2 жыл бұрын
I’d really, REALLY appreciate a walk through of standard deviation done by YOU. So far, no explanation has really hit home. Please and thank you.
@ajtrott1
@ajtrott1 2 жыл бұрын
Standard deviation is just a measure of the spread of data with respect to the average value eg the average of 49,50 and 51 is 50; but the average of 1,50 and 99 is also 50. But there is much greater 'spread'/distribution of data (from the average value) for the latter! This is measured by standard deviation.
@LegendaryX3000
@LegendaryX3000 Жыл бұрын
incredible and fantastic learning experience in this one video!
@GV-gn3mj
@GV-gn3mj 2 жыл бұрын
Hi, why there is no división with percentages and what if this does not add up 100%
@akachimbogu2063
@akachimbogu2063 8 жыл бұрын
thank you Tyler......you are such a good teacher
@sadriehgo
@sadriehgo 4 жыл бұрын
Very simple and easy understanding video, thank you
@narakdk
@narakdk 2 жыл бұрын
What happens when you both have positive and negative numbers in the rates/weights?
@eddue12345
@eddue12345 8 ай бұрын
so where does that leave mean, median, mode and range? "weighted average" just looks like a regular average or mean to me and what the video describes and regular average looks a lot like the median to me. im confused.
@guitarkahero4885
@guitarkahero4885 4 жыл бұрын
Nicely explained. Thanks for your efforts.
@Foxhiglord
@Foxhiglord 7 жыл бұрын
Your perception of the 'regular average' is completely wrong... Atleast as far as I know and have learned.
@osarhiemeniyare4678
@osarhiemeniyare4678 6 жыл бұрын
seriously i wonder how he came up with that he should be take this video this down
@samanthahill4152
@samanthahill4152 6 жыл бұрын
@@osarhiemeniyare4678 Can you guys explain it then it the the correct way instead of just saying its wrong ? not being rude but it would help some people out.
@mwilson9672
@mwilson9672 6 жыл бұрын
Samantha Hill This is late, but the way that I learned to do averages in middle school was to add everything up and divide by the amount of things there were. I don’t know why he did 100 + 300/2 (for the kids one), because that is not what I learned as a “regular” average. I see where it comes from, but it is not correct average wise. What I would have done is added 100 + 100 + 100 + 100 + 100 + 300 /6, as he did for the “weighted” average.
@gopeshsharma5432
@gopeshsharma5432 5 жыл бұрын
@@mwilson9672 what he meant by 100+300/2 is that, if you've 2 groups, one who's average weight is 100 pounds and another who's average weight is 300 pounds and if you're asked to find out the average weight of the two groups then you simply cannot do this 100+300/2 calculation, that would be wrong, because the number of people in each group also matters while calculating average and people commonly makes this mistake of ignoring the number of people in each group, that's why he took that example. Lastly your concept is clear. This is just to explain why he did what he did.
@fatimapeaceful
@fatimapeaceful 5 жыл бұрын
This is because in "rdgular average" he DOESN'T take into account the number of things. Hope this helps
@joselene1884
@joselene1884 9 жыл бұрын
For some reason, for weighted average at my university, we have to divide by the added up percentage (100) in the last problem you showed us how to do
@ankushkachhave3484
@ankushkachhave3484 6 жыл бұрын
Great explanation sir,will u plz make video for difference between percentage and percentile?
@ginjackson8092
@ginjackson8092 5 жыл бұрын
I love you Tyler! You make this so simple!
@kalki3060
@kalki3060 4 жыл бұрын
I have a doubt,why do we convert the percentages into decimals before multiplying them with the weight of the cars?
@prasanrajj
@prasanrajj 8 жыл бұрын
great job buddy many r getting help through ur videos bravo man
@unrealr684
@unrealr684 6 жыл бұрын
Great video! Nice explanation.
@ambrishbhagat
@ambrishbhagat 3 ай бұрын
Firstly, there is nothing called regular average. Its called simple average or just "average". Secondly, you calculated simple average by just adding weight of 1 kid + Father divided by 2. This is completely wrong. Simple average should be (100+100+100+100+100+300) / 5 which is 133.33, therefore for such examples simple average and weighted average will remain same.
@omarmowafy9613
@omarmowafy9613 3 жыл бұрын
bro i like your way of talking , hope i will present like you one day
@moeShuaibi
@moeShuaibi 4 жыл бұрын
Thank you, you have a gift of teaching.. If Lemonas were real I'd buy you one
@genfaamanfunzii2623
@genfaamanfunzii2623 3 жыл бұрын
What kind of calculator are you using because when I multiply 0.11 × 4000 I am not getting your numbers
@moeShuaibi
@moeShuaibi 3 жыл бұрын
@@genfaamanfunzii2623 I think because he rounded up the numbers: • @ 6:15 the real exact answer is 3,431.8181818182, if rounded up the answer will be 3432 • @ 7:19 percentages of each group of Lemonas is rounded up/down (i.e. exact percentage of Yellow Lemonas is 72.7272727273, rounded up 73) • @ 8:55 the answer with rounded up/down percentages is 3430, he used the answer with the exact percentages (3431.18181.. , rounded up 3432) because the percentages as mensioned before are rounded up/down. Is that what confused you? Or are you confused more ? 😂
@genfaamanfunzii2623
@genfaamanfunzii2623 3 жыл бұрын
@@moeShuaibi I must be doing something wrong, because I tried again and got the same number you got, I understand the concept of rounding off the number. Thanks
@daviddowner2869
@daviddowner2869 10 жыл бұрын
really helpful and helped me with a homework assignment thanks
@fugazy1127
@fugazy1127 3 жыл бұрын
What does the value of weighted average tell about??
@野生七七
@野生七七 5 жыл бұрын
Thx a lot!!! I finally understood these topics.😆
@nikolaihatesu
@nikolaihatesu 8 жыл бұрын
Can someone explain why you don't divide by the number of items when working with percentages? That part is throwing me off.
@obriantguyful
@obriantguyful 7 жыл бұрын
Because division has already occurred in order to have percentages. ie. 10 people out of 100 people would be %10 of people. So if you have a shipment of cars the max amount of cars would equal %100 - all of the cars. So if there were 73 of 100 cars that would be %73 percent. 11 out of 100 cars = %11. 16 out of 100 cars = %16. the total weight of the cars have already been divided between the cars. The first example (with the cars) he divided by the total number of cars due to that being part of the necessary steps to find the weighted average. The second example the cars had already been divided by the number of cars hence the percentages - no division necessary! Hope that helps!
@PeriMedic1
@PeriMedic1 12 жыл бұрын
No, it is not unique to Sweden. I spent 11 years as an algebra teacher, and I was confused by his terminology. His definition of weighted average would be what I taught as "average": you total all individuals, divide by the number of individuals, and there is your average. Your explanation matches mine. Maybe it is different at MIT, or when you are a PhD (no sarcasm intended).
@virtuous__woman7
@virtuous__woman7 6 жыл бұрын
Thank you for this great explanation!
@Dragos_11
@Dragos_11 2 жыл бұрын
what if I need to find how many of each should be combined to get the given weighted average? good vid though 👍
@veerutekure
@veerutekure 9 жыл бұрын
thank you very much, contents of the video is very helpful in clearing the basics doubts.
@niaremus
@niaremus 9 жыл бұрын
what software do u use to make this video?
@changgiljang4660
@changgiljang4660 2 жыл бұрын
I have to say "WOW", finally understand why to multiply by the percentage.
@smitchovatiya2601
@smitchovatiya2601 6 жыл бұрын
nice use of technology I can more connect with you and your way of understanding is way to easy. thank you
@dr.ankita
@dr.ankita 5 жыл бұрын
Very beneficial. Thank you for posting :)
@moistness482
@moistness482 4 жыл бұрын
3:55 oh no...
@shivanevane9662
@shivanevane9662 5 жыл бұрын
Will pls explain a simple and weighted average method plssss
@profmariogutierrez
@profmariogutierrez 4 ай бұрын
Thank you! This is just what I needed!
@anmoljain1204
@anmoljain1204 4 жыл бұрын
Clearing concepts👌👌
@vijaykumarchillal2074
@vijaykumarchillal2074 7 жыл бұрын
At 9:05 you have committed mistake while calculating make that correction the answer is 3430 and it's not 3432
@curtisshartley77
@curtisshartley77 5 жыл бұрын
nah ... 151,000/44 = 3431.82, so rounded it's 3432. He's correct -- y'all just forgot about rounding.
@sadhguruwisdom5846
@sadhguruwisdom5846 6 жыл бұрын
Excellent explanation!
12 жыл бұрын
Thanks for the answer, I knew I couldn't be the only one. My guess is that he is simplifying what I (and probably you) would consider a weighted average. If you understand this, you could, with some thinking, for example calculate the average salary of men and women, taking into account their professions, and therefore showing the average gap between men and women with the same profession.
@ashimasharma4117
@ashimasharma4117 5 жыл бұрын
In the first example, the simple average weight should be (100+100+100+100+300)/5. Shouldn't it?
@Muuip
@Muuip 7 жыл бұрын
Excellent!Very helpful!Thank you.
@harifans4429
@harifans4429 5 жыл бұрын
Thank you thank you thank you thank you, I really needed help and you helped me thanks I really appreciate more than you think
@ankitamanuja3685
@ankitamanuja3685 6 жыл бұрын
Thanks 😊 you explained really good.
@JoshuaCB1987
@JoshuaCB1987 11 жыл бұрын
just saved my life. thanks!
@pratiksaha2592
@pratiksaha2592 8 жыл бұрын
examples use by u r quite funny,interesting and INFORMATIVE thank u so much
@Kwintessential2
@Kwintessential2 Жыл бұрын
Very clear explanation
@programmingpersistence5716
@programmingpersistence5716 4 жыл бұрын
i thought the weighted average is for when we have data values where each value has a different weight or importance?
@programmingpersistence5716
@programmingpersistence5716 4 жыл бұрын
okay nevermind i commented too early
@HannoWg
@HannoWg 8 жыл бұрын
That was well explained, keep up
@healthfocusnz1724
@healthfocusnz1724 3 жыл бұрын
Great explanation!
@lelele2289
@lelele2289 4 жыл бұрын
I think it'd be a good idea to explain why someone in real life scenario would use weighted average over regular average. Not saying it's useless just so viewers can make sense of the whole thing better.
@marishaa
@marishaa 4 жыл бұрын
Hey, the average weight calculation doesn't make sense to me. Since there are 5 kids at 100 pounds each, and 1 father is 300 pounds. Wouldn't the average weight be (500+300)/6=133.33 pounds?
@joshgust32
@joshgust32 Жыл бұрын
Weighted average is an average resulting from the multiplication of each component by a factor reflecting its importance. It's my understanding that averaging the individual items that can be grouped is not a weighted average, it's just an average of the items as opposed to an average of the groups. A weighted average is used to express that a thing is more important ("weighs more in the equation") because of some attribute. For example: CASH might be weighted as 5x and STOCK weighted as 2x against REAL ESTATE equity in a weighted average of assets for a group considering liquidity as important.
@bilalmuhammad5112
@bilalmuhammad5112 6 жыл бұрын
Such a awesome lecture much appreciate
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