Weighted Average in Excel [Formulas]
Learn how to calculate weighted averages in excel using formulas. In this article we will learn what a weighted average is and how to Excel’s SUMPRODUCT formula to calculate weighted average / weighted mean.
What is weighted average?
Wikipedia defines weighted average as, “The weighted mean is similar to an arithmetic mean …, where instead of each of the data points contributing equally to the final average, some data points contribute more than others.”
Calculating weighted averages in excel is not straight forward as there is no built-in formula. But we can use SUMPRODUCT formula to easily calculate them. Read on to find out how.
VLOOKUP(), MATCH() and INDEX() – explained in plain English
VLOOKUP may not make you tall, rich and famous, but learning it can certainly give you wings. It makes you to connect two different tabular lists and saves a ton of time. In my opinion understanding VLOOKUP, INDEX and MATCH worksheet formulas can transform you from normal excel user to a data processing beast. Today, […]
Range Lookup in Excel – How to lookup the pricing tier? [Formulas]
Excel formula to get a match from a given value in excel when you have start and end values in lookup table. This technique is useful for looking up a matching price from a pricing tier table or date in a range of start and end dates.
Sorting values in Olympic Medal Table style [Quick Tip]
It is Olympic season. Everyone I know is tracking the games and checking their country’s performance. One thing that we notice when looking at medal tally is,
A single Gold medal is worth more than any number of Silver medals. Like wise, a single Silver medal is worth more than any number of Bronze medals.
So, when you look at the ranking of countries, you see countries with single Gold medal higher up than countries with lots of Silver and Bronze medals (but no Gold).
How to use Date & Time values in Excel – 10 + 3 tips
Excel date time features are very handy and knowing how to use Excel date values can help you save a ton of time in your day to day spreadsheet chores. Let us prepare for your date with the sheet using these 10 handy tips.
Before jumping on to the tips, it helps to know how excel represents the date and time.
Microsoft Excel stores dates as sequential numbers … January 1, 1900 is serial number 1, and 28 July, 2021 is serial number 44405 because it is 44,405 days after January 1, 1900. Excel stores times as decimal fractions because time is considered a portion of a day.
Read on to learn more.
18 Tips to Make you an Excel Formatting Pro
We can take any Excel workbook and format it until Christmas, and we would still not be done. But not many of us have so much of time or energy. So, today, lets talk formatting.
In this, you will learn how to
1) Use tables to format data quickly
2) Change colors of your worksheet in a snap
3) Use cell styles
4) Quickly clone formatting using format painter
5) Clear formats to begin with a clean-slate
6) Formatting shortcuts
7) Formatting options for print
and 8 ) Why you should not go overboard formatting and 10 other tips.
So go ahead and become a formatting pro.
Excel Pivot Tables Tutorial : What is a Pivot Table and How to Make one
Excel pivot tables are very useful and powerful feature of MS Excel. They are used to summarize, analyze, explore and present your data. In plain English, it means, you can take the sales data with columns like salesman, region and product-wise revenues and use pivot tables to quickly find out how products are performing in each region.
In this tutorial, we will learn what is a pivot table and how to make a pivot table using excel.