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Calculate Weighted Value

Calculate Weighted Value

Price: FREE

I have an RFP I am working on. I am scoring 3 different companies on a variety of areas. Each area is weighted a certain percentage value. For each area, I will give a score of 1-5 (5 being the greatest). I need a formula to calculate the percentage for each area based on the score given and the weighted percentage assigned. For example, the spreadsheet would look like this:
A B C D
1 Area Weight Score Weighted
2 Hours 65% 3
3 Reporting 15% 4
4 Staff 20% 3
So what I need to figure out, is how do I calculate the value for column D based on the score given against the assigned weight of each area?

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Category and Tags: ExcelTutorials : : Functions

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I've read all postings re weighted average in the forum but could not find the answer.
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I have a problem with weighted average.
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I 'm looking for ways to calculated weighted average for 1 column, random values as follows. I do not have frequences/quantities values.

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I am trying to calculate the weighted average rate.
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