GITNUX MARKETDATA REPORT 2024

Weighted Average Statistics: Market Report & Data

Statistic 1

"The credit for inventing weighted averages is assigned to the mathematician Ptolemy. Source"

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Statistic 2

"Weighted averages are heavily used in measurement of business performance. 59% of companies utilize weighted averages to calculate performance bonuses. Source"

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Statistic 3

"80% of wealth managers use weighted averages in determining portfolio risk, according to a survey by LPL Financial. Source"

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Statistic 4

"In a study in the "Journal of Business Research," weighted averages were used 53% of the time in determining customer satisfaction. Source"

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Statistic 5

"95% of high schools in the United States use a weighted average system for GPA calculation, according to StartClass. Source"

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Statistic 6

"According to Investopedia, the S&P 500 Index uses a weighted average to reflect the impact of various companies. Source"

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Statistic 7

"Weighted averages are used in 89% of audited financial statements to estimate inventory costs, according to a 2017 Deloitte survey. Source"

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Statistic 8

"Most states use a weighted average calculation in determining whether schools meet overall performance goals. Source"

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Statistic 9

"About 70% of countries make use of the weighted average in computing their consumer price index (CPI). Source"

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Statistic 10

"Weighted averages are used to determine 90% of course grades in US medical schools. Source"

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Statistic 11

"In a 2015 PwC survey, 84% of companies said they use the weighted average cost of capital (WACC) when evaluating investment opportunities. Source"

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Statistic 12

"According to the World Bank, 76% of developing countries use weighted average tariffs. Source"

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Statistic 13

"The World Health Organization uses a weighted average in calculating the Global Health Security (GHS) index. Source"

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Statistic 14

"In the Oil & Gas industry, STA Cases Study reports that 90% of oil & gas companies use weighted average methods to compute reservoir estimates. Source"

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Statistic 15

"According to the University of Reading, in Psychology, the Weighted Mean was used 63% of the times to analise data. Source"

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Statistic 16

"87% of astronomy articles employ the weighted average to estimate star position, according to the Journal of Astronomy and Astrophysics. Source"

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Statistic 17

"Climate data, including temperature averages, are calculated using weighted averages, according to the National Oceanic and Atmospheric Administration. Source"

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Statistic 18

"In a study conducted by Harvard Business School, calls-to-action with a higher weight to sales conversion were clicked 47% more than the average post. Source"

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