Weighted Average
Grade 9•45 minutes
Learning Objective
I can calculate a weighted average by multiplying each value by its weight, summing the results, and dividing by the total weight.
Practice Questions
This lesson includes 7 practice questions to reinforce learning.
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1. Explain in your own words what a weighted average is and how it differs from a simple average.
2. Describe the steps involved in calculating a weighted average.
3. A store has 30 items that cost $5 each and 50 items that cost $10 each. Calculate the weighted average cost per item.
...and 4 more questions
Educational Video
How to Calculate Weighted Average Inventory - Fast!
Accounting University