We show you how to calculate a weighted average in Excel using SUMPRODUCT and SUM functions, providing step-by-step instructions, practical examples, and common use cases.

Adding Values in Excel On of the most common uses of Excel is to calculate values. For example, if you're keeping track of inventory of your office supplies, you add up the total amount of each ...

To calculate the interest compounded monthly, change the value of the B4 cell to 12 and use the same formula. That’s it. Let us know if you have any questions regarding the calculation of CI in ...

Type the formula to calculate the number of double time hours worked that day in cell B5. For example, suppose state law requires you to pay workers double time if they work more than 10 hours per ...

How to Calculate Variance in Excel . To calculate variance in Excel, you will need to have your data set already entered into the software. Once you have your data, ...

In addition, because I chose smallest to largest, you’ll notice that the ranking values are reversed from what you might expect: 1 represents the lowest rank. You should know that both ways are ...

A] Calculating Weighted Average when the weights add up to 100%. The above image shows the data set where the weights add up to 100%. To calculate the weighted average of this data set in Excel ...