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#1 Re: Help Me ! » Weighted averages » 2013-04-06 06:38:51

They do mention that the weights are necessary since the populations of the countries are different. If they were all equal the average would be the sum of all percentages divided by 14.

other than that it's just the country names which I left out

#2 Re: Help Me ! » Weighted averages » 2013-04-06 06:23:34

The book only gives me the country names and the unemployment rates

btw thanks guys for your time

#3 Re: Help Me ! » Weighted averages » 2013-04-06 06:09:32

I have been trying that, but not getting to 8.2

#4 Re: Help Me ! » Weighted averages » 2013-04-06 05:53:21

Hey there
The  unemployment rate of the 14 countries are the following:

4.0
7.2
6.8
6.6
8.3
7.8
7.8
9.6
6.7
5.1
3.9
7.8
7.8
14.8

Weighted Average is 8.2%
How did they get this 8.2??

#5 Help Me ! » Weighted averages » 2013-04-06 05:38:06

clueless101
Replies: 12

How would you find the weighted average of example 14 different countries with different unemployment rates?

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