In What Circumstances Will the Weighted Average Be Equal to the Simple

question 274

Essay

In what circumstances will the weighted average be equal to the simple average?

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Definitions:

Expected Values

The predicted average of all possible outcomes of a random variable, weighted by their probabilities.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Mean Values

Statistical measures representing the average value in a set of data, calculated by summing all observations and dividing by the number of observations.

Individual

A single human being as distinct from a group, class, or family.