Be careful when averaging percentages

Be careful when averaging percentages

Caution should be used when averaging percentages. We asked 500 kids and 4500 adults. The kids, 98%, like Trix cereal. The adults, 42%. Add 98% and 42% and you get 140%. Divide by 2 and that is 70%. (98+42=140 / 2 = 70). The issue is you didn’t ask the same number of kids as you did adults. This is when a weighted average is needed.
An Excel PivotTable has a feature called calculated field. I’ll use it to get the weighted average.

YouTube video on Averaging Percentages

Steps to create a calculated field in a PivotTable

  1. Click inside the PivotTable.
  2. Click on the Analyze tab, in the Calculations group, click Fields, Items, & Sets, and then click Calculated Field.
  3. In the Name box, type a name for the field.
  4. In the Formula box, enter the formula for the field.
  5. Click Add.