A weighted average lets some numbers count more than others. It's the right tool whenever your items differ in importance, frequency, or size — course assignments, portfolio holdings, survey responses, or prices across different quantities. This guide covers how it differs from a simple average, when weights are percentages versus counts, and the two most common uses: grades and portfolios.
Weighted vs. simple average
A simple average adds the values and divides by how many there are, treating every value equally. A weighted average multiplies each value by a weight first, then divides by the sum of the weights. When the weights are all equal, the two are identical — the weighted average is just a generalization of the simple average.
The gap between them tells you how lopsided your weighting is. If three exams are worth 20%, 30%, and 50%, scoring highest on the heaviest exam pulls the weighted average above the simple one. The calculator shows both side by side so the effect of weighting is never hidden.
When weights are percentages vs. counts
Weights come in two flavors. Percentages describe a share of a whole — a syllabus that says homework is 20% of the grade, or a portfolio that's 60% stocks. These should sum to 100, and percentage mode flags when they don't. Counts describe how many — 40 students in a class, 3 shares of a stock, 100 reviews at a given star level. Counts rarely sum to 100, and that's fine.
Crucially, only the ratio between weights matters. Weights of 20, 30, 50 give the exact same answer as 2, 3, 5 or 0.2, 0.3, 0.5. That's why you can mix raw counts freely without converting them to percentages first — though the Percent vs Raw tab will show you the normalized equivalents if you want them.
Grade weighting and the what-if
For grades, use each assignment's percentage of the final grade as the weight and your earned score as the value. The course grade is the weighted average, and the calculator maps it to a letter using a standard plus/minus scale (90–92 is an A−, 93–96 an A, and so on).
If your graded weights total under 100% — say you've finished 60% of the course — Grade Mode also solves the reverse problem: what average do you need on the remaining 40% to finish at a target grade? If the answer comes back above 100, the target is mathematically out of reach given what's already locked in.
Portfolio and survey weighting
The same formula powers a blended portfolio return: weight each holding's return by its share of the portfolio. A 60/30/10 split of 11.2%, 3.5%, and 1.0% returns blends to 7.87% — far from the naive 5.23% simple average, because stocks dominate. For surveys and ratings, weight each rating by the number of respondents who chose it to get the true mean rather than an average-of-buckets. Avoiding that "average of averages" trap is the single most common reason to reach for a weighted mean.