The Weighted Average (AKA Weighted Arithmetic Mean) in One Minute: Definition + Explanation

The weighted average, also known as the weighted arithmetic mean, sounds like something ridiculously complicated but fortunately, it can be explained and defined in a way that makes it easy to understand.
Simply put, you calculate the weighted mean whenever you want to give more weight or importance to certain factors. The definition of the weighted arithmetic mean may sound complicated but fortunately, the weighted average explanation isn't.
After understanding my weighted average explanation, you'll ultimately conclude the weighted mean definition isn't a boogeyman either :)
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One Minute Economics needs your help! Please give me a minute (heh) of your time by watching the following video if you find the channel useful, literally anyone can help (either financially or by spreading the word about my work): ruclips.net/video/io04ckq1X1M/видео.html

[@Itsjimmybud]

Are you a professor? If you are what courses do you teach?

[@md.zaedhassansams1519]

ah! here we go again! o follower of Eminem this is not a rap battle :'( please say a little slower.

[@bajimolbajimol7693]

Really this good.

[@bajimolbajimol7693]

Really this is good.I like it.I hope you will also like it.This the best way to learn.

[@masterofmasturbation7327]

omg this is good

[@neematootoonchi1365]

Is this remastered 8 mile..

[@OneMinuteEconomics]

:D

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Motor mouth

[@OneMinuteEconomics]

It's the only one I have :(

[@sobster123]

too fast utter bollucks

[@OneMinuteEconomics]

Would recommend using RUclips's "slow down" feature, it's become a bit of a meme that for some of my vids, it's necessary :)

[@sobster123]

@@OneMinuteEconomics ah sorry lol

[@romarani9525]

Oh please speak slow it's so hard to understand btw you teach nice but try to speak slowly it's hard for us

[@OneMinuteEconomics]

I apologize, sometimes I get carried away and in those instances, I'd strongly recommend using RUclips's playback speed reduction feature and for example watching the video at 0.5x or 0.75x :)

[@NinaRoxz]

@@OneMinuteEconomics If you are speaking fast to make the video shorter, then suggesting that people slow down the playback speed in order to follow along and understand it (which makes the video last longer anyway), maybe you should just speak more slowly.