Home > Term: weighted average
weighted average
Value calculated from a number of samples, each of which has been assigned an importance in accord with its position and general trustworthiness. In this connection a sample which was cross-checked by others would be more reliable than one which was isolated, particularly if the latter showed abnormal values or was for any other reason suspect. The cross-checked sample is sometimes called a weighted sample in mineral valuation of a deposit.
- Part of Speech: noun
- Industry/Domain: Mining
- Category: General mining; Mineral mining
- Government Agency: USBM
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Creator
- ed.young
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(Milwaukee, United States)