What is a weighted average?
The use of weighted diameters is common in many different applications, especially in the area of accounting and various tasks that include analysis and mathematical evaluation. Basically, the weighted diameter involves assigning different levels of importance or weight to different components that are used to achieve a final answer or solve a question or problem. This, unlike the practice of assigning a common average value to each component that is relevant to the task.
One of the simplest ways to understand the concept of weighted average is to look at the common model of sorting in many schools and universities. At the discretion of the instructor, different types of work will be assigned a value to help determine the final class obtained for the course. Successful completion of domestic tasks can be a smaller percentage of the overall class, while one or two main tests can carry another weight of the last class earned. This concept of proportional meaning means that in a largerThe scheme of things is more important in creating a good degree for the course, although the successful completion of both components ensures the highest level.
The same principle of weighted diameter can be used in other places. Marketing strategists can develop a campaign that focuses on primary and secondary consumer markets. While the main move of the campaign is directly relevant to the primary market, the same techniques are expected to be relevant to a smaller level in other markets. The result is a projection of income obtained primarily from one consumer market sector, but still represents a smaller percentage of income from one or more smaller sectors.
Dear diameter is somewhat subjective, in the fact that an individual or an entity that lays down the values for each component connected to the diameter, usually does some prejudices about these values. However, it is possible to modify the criteria used for calculation.Average, as more facts that may affect the relative value of each component occur.