Meaning of “weighted average” in the English Dictionary

"weighted average" in Business English

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weighted averagenoun [ C ]

uk us ECONOMICS, FINANCE

an average in which more value is given to some things than others depending on their importance:

weighted average
adjective also weighted-average

The weighted average interest rate during was 6.3%, compared to 6.2% during the previous year.

(Definition of “weighted average” from the Cambridge Business English Dictionary © Cambridge University Press)