I want to average two numbers from separate columns to create a new final rank column. I'm sure there is an easy way to do this but I can't come up with it for some reason. See sample data below
Miles Volume Final Rank
100 1,200 650
50 500 275
600 75 337.5
I am also wondering if I can use a weighted average to weight miles more heavily (70%) than volume (30%).
Any assistance is greatly appreciated.
Thanks!
Solved! Go to Solution.
Hi @nwatzlaf
You can use the formula: Average([Miles],[Volume])
To get to a weighted average, you can add in a calculation to to the above formula. Something like the below:
If this solves your issue please mark the answer as correct, if not let me know!
Thanks!
Phil
Hi @Maskell_Rascal ,
Thank you!! I think I just made a syntax error. I did not know the comma was the separator.
Thanks again!!
You want to use this for weighted average. The formula in the solution doesn't look like it's correct. You don't need to average after you apply the weights, just add the results together.
[miles] * .7 + [volume] *.3
@Greg_Murray is correct. My head was thinking in terms of weighted indexes.