# Weighted ranking excel

Formulas are the key to getting things done in Excel. Definition 1: The Spearman’s rank correlation (also called Spearman’s rho) is the Pearson’s correlation coefficient on the ranks of the data. There are two main cases where you So my weighted average Menu. Nielsen Media Research included sample weights in their PxP data starting in September 2003. Is there a way Re: Weighted Average &amp; Rank BJ, Your rank formulas had an incorrect reference, and I put in zeros for all the categories that were blank (by selecting the area and doing Edit > Goto > Special > Blanks, and then 0, Cntl-Enter). You may have come across situations where you need to rank a series of numbers, such as a list of test scores or elapsed times in a footrace. It is very easy and simple. In this accelerated training, you'll learn how to use formulas to manipulate text, work with dates and times, lookup values with VLOOKUP and INDEX & MATCH, count and sum with criteria, dynamically rank values, and create dynamic ranges. Here you also find the weighted average calculator along with excel template. If you rank #1 in a category you receive one point, #4 you get four points, etc. I have a spreadsheet where we rank performance of 9 groups with 13 categories of items. Weighted GPAs usually range from a scale of 0 to 5. But I cannot get it to award the exact number of points I want to rank 13 items - the worst value would always receive 1 point, the best value would always receive 13 points. In order to create a pivot table with a weighted average you will need to do the following: In cell D4 of the above you would enter the following formula: B4 * C4. Weighted scoring can be a great solution. Copy the formula you just created down to cell D6. Adding Semesters: In the Course History worksheet, you can include additional semesters by copying the set of rows for one of the semesters and inserting/pasting the set of rows at the bottom. Unweighted . So what does this mean for your ranking? If you have taken honors or AP classes, your weighted class rank will likely be better than your unweighted class rank, even if you didn’t receive A’s in all those courses. An intuitive visualization of weighted percentiles. Second, only you can tell us how you want to rank the data based on "increase as well as % growth". In this article we will learn what a weighted average is and how to Excel's SUMPRODUCT formula to calculate weighted average / weighted mean. The RANK function returns the rank of a number in a list of numbers. 00. Learn the basic and advanced uses of the Excel SUMPRODUCT function – formula examples to compare arrays, conditionally sum or count cells with multiple criteria using AND or OR logic, get a weighted average, and more. I tried to copy the formula from 5L and although it seems to read correctly, no rank is given. A weighted average, on the other hand, considers one or more numbers in the range to be worth more or have a greater weight than the other numbers. Re: Weighted Average &amp; Rank On first glance in your example, Bob (A4) has 3 SABOR points (F3) but no ranking for SABOR at (4L) - which should be 3. Home. Weighted Ranking is a method to help you decide between options when there is no obvious winner. Excel General; If this is your first visit, be sure to check out the FAQ by clicking the link above. Add the results up. It will probably be worst (if low numbers are bad), which is exactly what you want-it was very low by all three rankings. I am looking to create a ranking system for my sheep, where I have three attributes and have weighted their contribution percentage to my ranking system. e. Follow this article to learn how to use this resourceful function to create a Conditional Weighted Average in Excel. How to Calculate Weighted Average. Check out these links to Decision Matrix resources on the web, read our articles about using a Decision Matrix in Excel or get a free copy of our Decision Matrix. In that case, you’ll want to find the weighted mean. For example, the uweighed average of 65, 60, 80, and 95 is (65+60+80+95)/4 or 75. How Can You Calculate Weighted Percentages? To calculate a weighted percentage, first multiply each item by the percentage it has been allotted, and then add those values together. In one of the previous articles, we discussed three essential functions for calculating average in Excel, which are very straightforward and easy-to-use. This is because To calculate weighted moving averages using exponential smoothing, take the following steps: To calculate an exponentially smoothed moving average, first click the Data tab’s Data Analysis command button. Each individual enters 6 different qualifying numbers (columns) resulting in a "place" in each column. The idea of weighted mean plays a role in descriptive statistics and also occurs in a more general form in several other areas of mathematics. My solution used Excel 2010 sparklines to create a small-multiples view of the rankings (this can be done in other Excel versions, but it takes a bit more work). So rather than knowing what the weighted-rating for each book on Amazon was, you would know that the weighted average of all book ratings on Amazon is 3. . Need to Rank a data based on Absolute increase as well % growth. On hearing the name of Excel SUMPRODUCT Function for the first time, it looks like some useless formula that can do some predefined sum and product operations. The basic concept comes from Six Sigma tools: the Pugh Matrix and Quality Functional Deployment (QFD). The AVERAGE function below calculates the normal average of three scores. Use an Excel Decision Matrix to prioritize or decide between almost any list of projects or choices. In addition to frequency calculations (how many times each answer option was selected), average weighted score can also be reported. All other formulas seem to work. 4 (or whatever). Task Prioritization Matrix Excel Template Task Priority Matrix is an approach of categorizing the tasks you have into Critical, High, Medium and Low. I have all that working pretty well. An overall score is calculated for each option, and then the options are displayed in descending order of their overall score. A common statistical technique to summarise a selection of values is the arithmetic mean - generally known as the average. Excel Formula Training. But what if there are ties among the scores being The RANK function is compatible with all version's of Excel but Microsoft is phasing it out in favor of RANK. 2 Weighted Average in Excel Calculation; Explanation Of Weighted Average in Excel; How to Calculate Weighted Average in Excel? Weighted Average in Excel Calculation. MS Excel: How to use the RANK Function (WS) The GPA Calculator spreadsheet should be pretty intuitive, and some instructions are included at the top of the worksheet. The figure below shows a simple Excel bubble chart. 75. I want to put certian weight on certian items. Instructions in this article apply to Excel 2019, 2016, 2013, 2010, 2007; Excel for Office 365, Excel Online, Excel for Mac, Excel for iPad, Excel for iPhone, and Excel for Android. Tom’s Tutorials For Excel: Ranking With Ties. AVG and RANK. The weighted average is the average where some numbers are taken into consideration as the weighted elements for finding the average. the average price paid per computer is \$849. Add a Rank Column in a Pivot Table for Different Versions. Here I have mentioned different methods for different Excel versions. The concept of weighted average is used in various financial formulas. Using the Weighted Average Template. Also, I generally use Excel's Table functionality just to speed things along. Example 1: The left side of Figure 1 displays the association between the IQ of each adolescent in a sample with the number of hours they listen to rock music per month. Obviously, options with low scores can be discarded for further consideration. Weight the questions, and calculate The method I used gave me a quick snapshot of how the rankings related-nothing more. You would still have to deal with items that are not ranked by all three searches. The PERCENTILE function doesn’t give the percent ranking of the item, but the instead the value at a given percentile (which might not even exist!). I'm working on a spreadsheet in Excel. Counterintuitively, the AVERAGE formula isn't involved at all! Let's take a look at what a weighted average is and how you calculate it in Excel. “rank A-Z by Column A, then by Column B”) is fraught with difficulties. A weighted average is wrong because the weighted average gets you ONE NUMBER, not one number per item. 1. The option with the highest weighted score is the one which most closely fits the requirements. Weighted percentages help in situations where certain factors are more important than others. In Excel 2010 and above, we have a pre-defined handy option. Although Excel doesn't have a weighted average function, it does have a function that does most of the work for you: SUMPRODUCT . DIY College Rankings College Search Spreadsheet . To create one like this, just enter the data as shown, select a cell within the data, then on the Home tab, in the Charts group, and select a bubble chart. You can use a physical model to intuitively understand weighted percentiles. Sheet8 Sheet7 Sheet6 Sheet5 Sheet4 Sheet3 Sheet2 Sheet1 weight weighted score Option 1 Option 2 Option 3 Option 4 Criterion 1 Criterion 2 Criterion 3 Criterion 4 How to calculate weighted average in an Excel Pivot Table? In general, it’s easy to calculate the weighted average by combination of SUMPRODUCT and SUM functions in Excel. How to quickly create a bubble chart in Excel? In Excel, a Bubble chart is a variation of a Scatter chart and its data is pointed as bubble. That is, you need to tell us the "rule" to use for ranking, in English or arithmetically or both (preferrably). But in Excel, 2007 and below we have to use calculated field. I would like to calculate a weighted value for each month, with the first month weighing the most and the last month weighing the least. Introduction. This priority matrix build in excel helps you to manage your tasks and priorities. what shall I eat for tea) by breaking it down into the multiple factors that must be considered (e. Guide to Weighted Average Formula, its uses along with practical examples. You will be wondered that there is no function in Excel for conditional ranking. Options whose weighted score is similar or close to the highest can be candidates for consideration. If measuring the average price of foodstuffs you could take a list of products available and then calculate the average. If the third argument is omitted (or 0), Excel ranks the largest number first, second largest number second, etc. Another side-effect of this is that Tableau’s Average calculation will also be wrong. Weighted Rank Longevity and Versatility Integration Scalability Support Value for Money Extensibility Security Matriculation Financial Viability Criterion Ease of Use Flexibility Ease & Speed of Migration Accessibility Stability/Power Compatibility Item Weights Weighted Total Score eCollege Blackboard Vista Raw Total Score Combined Rubric Calculating Weighted Average: Method, Formula & Example. I am trying to work out a formula to calculate a weighted ranking. With an Excel-based Decision Matrix and the following process will help you with, Learn how to calculate weighted averages in excel using formulas. You need to provide the two inputs i. 0 and do take the difficulty of your courses into account. E. Sheet8 Sheet7 Sheet6 Sheet5 Sheet4 Sheet3 Sheet2 Sheet1 weight weighted score Option 1 Option 2 Option 3 Option 4 Criterion 1 Criterion 2 Criterion 3 Criterion 4 Excel Formula Training. You can easily calculate the Weighted Average using Formula in the template provided. Therefore, how could you calculate the weighted average in a pivot table? For these situations, you'll need to calculate the weighted average. Using a consistent list of criteria, weighted according to the importance or priority of the criteria to the organization, a comparison of similar “solutions” can be completed. Make the weight bigger for call opening and negative for questioning. There are two main cases where you Tom’s Tutorials For Excel: Ranking With Ties. The result is summed and the total is divided by the sum of the weights. A video explaining the calculation of a weighted average in Excel is provided on the Microsoft Office Support website. g. How to Calculate Weighted average in Excel? After understanding the concept of Weighted average in Excel, you must be thinking how to calculate it in Excel. To calculate a weighted average in Excel, simply use the SUMPRODUCT and the SUM function. The Microsoft Excel RANK function returns the rank of a number within a set of numbers. who scored most in league 1 would be 1st and if same score in league 1 then consider league 2 scores and so onmy table is as following- please if u know help me for ranking Make Data-Driven Decisions Using an Excel Decision Matrix. . A weighted average is an average where each value has a specific weight or frequency assigned to it. Column A is student's name. Learn how to determine your score following three easy steps. If it is turned ON, the RANK order will be Asscending; If it is turned OFF, the RANK order will be Descending; In the RANK function sample file, there is a check box example on the RankOrderCheck worksheet. Background. This Excel tutorial explains how to use the Excel RANK function with syntax and examples. Finding a Weighted Average in Excel. Make Data-Driven Decisions Using an Excel Decision Matrix. Do this manually, or use the sample code from this tutorial, to create it programmatically. This is tool is your best “bang for the buck,” hands down, in the toolbox of analytical tools. In the bell curve, the highest point is the one that has the highest probability of occurring, and the probability of occurrences goes down on either side of the curve. One of the first articles I wrote when I first started writing tutorials was on the usage of SUMPRODUCT. >> How to Make a Bell Curve in Excel (Step-by-step Guide) A bell curve (also known as normal distribution curve) is a way to plot and analyze data that looks like a bell curve. 0% Lowest exam score is worth 22. Here's a FREE Project Portfolio Management Excel Spreadsheet For Ranking Your Projects Using a Built-In Weighted Attribute Ranking System We get requests from people that are looking for a fast way to do a quantitative ranking of a small group of projects or budget items and still use a defensible and robust methodology. The Weighted Scoring Method Weighted Scoring is a technique for putting a semblance of objectivity into a subjective process. Ask Question 2. The RANK function does a good job of indicating the scores in order of first, second, third, and so on. Weighted Average is an average in which each observation in the data set is assigned or multiplied by weight before summing to a single average value. The video features a sample table with a sample assigned grading scheme ranging from A to F, which is a common application of the logical IF statement in Excel. Building a Simple Excel Bubble Chart as a Static Four Quadrant – Matrix Model. A weighted average is an average in which one element may contribute more The above weighted average formula returns the value 849. Weighted average cost of capital (WACC) and weighted average beta are two examples that use this formula. I. Suppose your teacher says, "The test counts twice as much as the quiz and the final exam counts three times as much as the quiz". Weighted averages are often found in regards to assigning grades in school. For instructions on how to add a check box, and use it in a formula, see my blog post, Use Check Box Result in Excel Formula. This comes out to be = 77. Weighted Average Formula in Excel (With Excel Template) Here we will do the same example of the Weighted Average formula in Excel. In a normal average, each value to be included in the average with equal significance. Highest exam score is worth 37. With an Excel-based Decision Matrix and the following process will help you with, Re: Weighted Average &amp; Rank On first glance in your example, Bob (A4) has 3 SABOR points (F3) but no ranking for SABOR at (4L) - which should be 3. The bar chart is created in Excel by highlighting the data then going to Insert>Bar>Stacked Bar chart. EQ. I am including a screenshot for clarity. Determine the strength of The Weighted Decision Matrix is a very simple tool designed to help anybody make a decision (e. When Excel displays the Data Analysis dialog box, select the Exponential Smoothing item from the list and then click OK. This tutorial provides step-by-step instructions for creating a risk assessment template in Excel 2010 that uses a scatter chart to plot the risk from undertaking a project or activity. It wouldn't tell you anything about ratings for individual books. I can do a basic ranking formula, but the problem I have is that I am using three attributes and for one the lower value is better and the other two the higher value is better. EQ returns the top rank of the set of values. In Excel 2010 and Above Learn how to use the Weighted Ranking Spreadsheet for portfolio management. For example, you may want RANK to handle ties if you are using a non-parametric statistical hypothesis test that involves ranks. This page describes how to calculate a weighted average. This average price is then assigned to the item sold. In this article, I will show you how to calculate the weighted average in Excel with percentages. In the template provided, you will see two tables. The method is extremely efficient: for the input work required versus the output benefit gained, this is the best tool. Therefore, how could you calculate the weighted average in a pivot table? Weighted Average & Rank Jul 25, 2007. The model is the same as I used to visualize a weighted mean. A weighted average, otherwise known as a weighted mean, is a little more complicated to figure out than a regular arithmetic mean. Have a column, B, called weight. S. Use option button groups on a worksheet, to collect survey responses. A weighted average or weighted means score is tallied in a much different way than a MS Excel 2007: Calculate a weighted value based on number of months Question: In Microsoft Excel 2007, I have scores for either 3 months or 6 months. The free template file is a simplified example of how you would incorporate the weighted average function into your own excel template to keep track of each students grades. But actually it’s far from that definition. However, the calculated fields seem not support the functions in a pivot table. \$1. Weighted Mean Calculator is an online statistics tool for data analysis programmed to calculate the Weighted Mean by giving different weights to some of the individual values. To find the weighted mean: Multiply the numbers in your data set by the weights. MS Excel 2007: Calculate a weighted value based on number of months Question: In Microsoft Excel 2007, I have scores for either 3 months or 6 months. However, do you know how to calculate the rank percentile of each value in an Excel list? Calculate rank percentile in Excel Using a decision matrix you can effectively blast through tough decisions. Even if you've never used SUMPRODUCT before, you'll be able to use it like a pro by the end of this article. Column Decision Analysis: Weighted Ranking. Ask an Excel Question Weighted average problem with negative numbers in data set. But you'll also see a weighted scoring model at work in statistics (especially for handling large data sets), in survey analysis, in investing and even in reviews of electronics or other items, when certain review criteria are assigned more importance than others. Calculating a weighted average is possible in Excel using the SUMPRODUCT formula. How Excel Defines SUMPRODUCT Function: Ranking a larger data set alphabetically using multiple text criteria (i. To create an Excel survey template, you can use the Options Button controls from the Forms toolbar. While SUMPRODUCT function is the best way to calculate the weighted average in Excel, you can also use the SUM function. I want Ranking based on Scores of leagues with priority from 1 to 4 i. Conditional Ranking in Excel – RankIF using SumProduct Posted on September 4, 2009 January 5, 2015 by Doctor Moxie I was hunting around for a RANKIF function yesterday so I could rank a load of hospitals in terms of their cost per procedure. 5% Middle exam score is worth 33. This tutorial will cover how to rank by multiple criteria in Excel. Then all your points are added up and the goal is to have the fewest points. As the name suggests, a weighted average is one where the different If it is turned ON, the RANK order will be Asscending; If it is turned OFF, the RANK order will be Descending; In the RANK function sample file, there is a check box example on the RankOrderCheck worksheet. It’s like a rubric for grading (or scoring) responses, turning text-based answers into a quantifiable ranking. Placement in each of those columns is equal to the other columns or as important as the other. Calculating a weighted average using Excel Functions. , and I'm trying to compose an interactive in which people can manipulate the importance of these three variables to create a ranking. Each option is judged by a number of criteria; each criterion is assigned a weight, or degree of importance. Namely, imagine a point-mass of w i concentrated at position x i along a massless rod. When unit of inventory is sold, the weighted average method of costing inventory takes the average cost of all inventories currently available. Weighted Rank Longevity and Versatility Integration Scalability Support Value for Money Extensibility Security Matriculation Financial Viability Criterion Ease of Use Flexibility Ease & Speed of Migration Accessibility Stability/Power Compatibility Item Weights Weighted Total Score eCollege Blackboard Vista Raw Total Score Combined Rubric Using the Weighted Average Template. The above weighted average formula returns the value 849. Customer Informaion and Ranking Tool October 13, 2015 November 30, 2018 admin It is important for every business to get essential details about their valuable customers. Questions that carry weight – rating questions, scales, and more – can deliver double the value in reports. But what if there are ties among the scores being Weighted Olympic Medal Count 2016 Pictured below is a bar chart showing all medals won for the top 30 countries plus Michael Phelps (as of the time of this posting on 8-15-16). 5% This all totals to 90% (10% is for homework and not important here) I want to create an Excel spreadsheet that I can enter the scores and it will calculate my score for the class. This six-minute tutorial shows you how to use the logical IF function with letter grades in Excel. It includes In this article, I will show you how to calculate the weighted average in Excel with percentages. The spreadsheet is in Microsoft Excel 2007 format which requires Mac Excel 2011 to run on an apple. Prior to that date, the sample was "self-weighted", meaning that the sample represented the population for all demographic characteristics. Re: Weighted Average &amp; Rank BJ, Your rank formulas had an incorrect reference, and I put in zeros for all the categories that were blank (by selecting the area and doing Edit > Goto > Special > Blanks, and then 0, Cntl-Enter). Conditional Ranking in Excel using SUMPRODUCT Function [RANKIF] First of all just do this for me, open your Excel workbook and try to type RANKIF. Find the weighted average of class grades (with equal weight) 70,70,80,80,80,90: Follow this article to learn how to use this resourceful function to create a Conditional Weighted Average in Excel. We describe each of these functions in more detail in the rest of this webpage, plus we describe additional ranking functions that are only available in versions of Excel starting with Excel 2010. Is there a way Weighted Averages In Excel. Weighted Average & Rank Jul 25, 2007. New posts Search forums. This ranking is based on 2 criteria: a goal of 39 Minutes per evaluation (MPE), and their evaluation scores. The Excel functions for performing ranking and establishing percentiles are poorly described and confusing to use on the best of days. The Weighted Mean. Weighted average grades are a way for a teacher to place more importance on one assignment than another. In some cases, you might want a number to have more weight. Definition of weighted average: Mean in which each item being averaged is multiplied by a number (weight) based on the item's relative importance. I'm not very good with Excel, and I've been asked to put together a stack ranking of 10 dummy employees to determine their ranking 1-10, for months January through March, and each month separately. The issue is, now those categories are weighted at different percentages. Column B is a placement test score. Weighted vs. Weighted Quartile With Frequency - Hi guys I have some data like this Disease code - Free Excel Help Weighted Linear Regression Weighted least squares ( WLS ) regression is an extension of ordinary (OLS) least squares regression by the use of weights. I want to weight task one as 30%, task 2 at 10%, task 3 at 15%, task 4 at 5%, and task 5 at 40%- or whatever the weight may be (i would like them to be seperate input fields so different tasks can be weighted different ways). Ties in one search are no problem, and you may have ties in the final ranking in this approach. Excel Functions: Figure 1 summarizes the various ranking functions available in all versions of Excel for a data set R. A weighted average is an average of factors when certain factors count more than others or are of varying degrees of importance. EQ is relative to other values in the list. Taste, Nutrition and Preparation time). i am working on my database in excelI need to rank the Scorers by considering 4 league scores. Start with a simple bubble chart. Comparing the Tableau Workbook with an Excel Worksheet will show the discrepancy. An event will happen and I will provide an assessment score per 1. In Excel 2010 and Above Conditional Ranking in Excel using SUMPRODUCT Function [RANKIF] First of all just do this for me, open your Excel workbook and try to type RANKIF. Forums. Assigning a weighted value to a column. 85, which is higher than the un-weighted average i. A weighted score is the average of a set of grades with a different amount of importance. In this article, we’ll cover a quick overview of how weighted scoring works, and the main steps involved. The size of RANK. – rajah9 May 29 '13 at 14:01 In this article, I will show you how to calculate the weighted average in Excel with percentages. What is a weighted average? An intuitive visualization of weighted percentiles. I have data on the graduation rate, tuition, and average student income (a measure of accessibility) for about 7,000 colleges and universities in the U. The categorization helps you to address the tasks on a priority basis. So, in this case the Economics marks have contributed more to the final result than any other element. In fact it is a very useful function if you need to analyse the data of two or multiple arrays in excel. I'm trying to develop a robust way to provide an average event assessment score. How to calculate weighted average in an Excel Pivot Table? In general, it’s easy to calculate the weighted average by combination of SUMPRODUCT and SUM functions in Excel. At the same time, we compare the value against the other weighted score. Calculating Weighted Average in Excel – SUM Function. What needs to be done is create calculated fields for the Row Total, the Total Weighted score and the Average Weighted Score. If your school system does not provide such software to you, perhaps you could make your own grade book using Excel. Using Excel as a Grade book Grade book basics Many school systems have begun to provide grade recording software applications to their teachers. For example, if a student scores 100 on a test worth 30 percent of his grade and 50 on a test worth 70 percent of his grade, then the 50 score will have a bigger impact than the 100 score on the final grade. As measuring survey responses using ranking or rating scale plays a very important role in data analysis, SoGoSurvey explains When, Why, and How to use weighted scores in survey rating questions. VBA to perform weighted ranking from an array of data Wow Calculating Weighted Average: Method, Formula & Example. The goal is to support fact-based, accurate, decision-making. e Relative weights and Rate of Return. Instead, the weighted average method of costing inventory assigns an average cost to each piece of inventory when it is sold. Add the score plus the weight to get the weighted value in column C. Pop quizzes, final exams and many other things affect the overall grade a student will receive in the end. How to calculate rank percentile of a list in Excel? If you usually use Conditional Formatting’s Icon Set, you must know the Icon Set are based on each value’s percentile. Excel’s built-in ‘Sort’ function provides a quick and easy way of sorting any data set. Your next step, which you haven't asked, would be to create a pivot table that calculates average weighted value by employee. But what if there are ties among the scores being Weighted Quartile With Frequency - Hi guys I have some data like this Disease code - Free Excel Help Conditional Ranking in Excel – RankIF using SumProduct Posted on September 4, 2009 January 5, 2015 by Doctor Moxie I was hunting around for a RANKIF function yesterday so I could rank a load of hospitals in terms of their cost per procedure. Generally, weighted least squares regression is used when the homogeneous variance assumption of OLS regression is not met (aka heteroscedasticity or heteroskedasticity ). AVG returns the average rank and RANK. I have a professor who uses a weighted grading system like this. The tutorial demonstrates two easy ways to calculate weighted average in Excel - by using the SUM or SUMPRODUCT function. To calculate the weighted average using the SUM function, you need to multiply each element, with its assigned importance in percentage. The weighted average (x) is equal to the sum of the product of the weight (w i) times the data number (x i) divided by the sum of the weights: Example. Using the same dataset: Weighted Percentage Complete Say I have 5 job tasks to complete one roll up tasks. 33333\$ for item \$2\$ is not bad, actually. Weighted average calculation. For that set of number above with equal weights (1/5 for each number), the math to find the weighted mean would be: For most people, school or university grades are where they're most likely to encounter the weighted score or weighted average. When more than one value has the same rank, RANK. Weighted Ranking is the most important tool for any decision analyst to master. From Excel’s menu bar, click on Data; From the menu that drops down, click on PivotTable and PivotChart Report This six-minute tutorial shows you how to use the logical IF function with letter grades in Excel. The method that this article describes is also described in the RANK Help file for Microsoft Office Excel 2003 and for later versions of Excel (but not in earlier RANK Help files). And if your each series has three data as shown as below, creating a Bubble chart will be a good choice to show the data series vividly. I am working with several different organizations. Another example of using the weighted average formula is when a company has a wide fluctuation in sales, perhaps due to producing a seasonal product. weighted ranking excel