How to Calculate Weighted Ranking in Excel (4 Ways)

Calculating a simple average and a weighted average are two different things. For example, if you take Quizzes and all of them have the same weight, the average of your total marks will also be the weighted average of your scores. In reality, however, this is far from the truth. Some chores will always be more vital than others. Some examinations are more crucial than others. In this article, we will learn how to calculate weighted ranking in Excel. We will use a sample dataset that contains Quiz marks and their Weight.

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4 Ways to Calculate Weighted Ranking in Excel

In this blog post, we will see the use of SUMPRODUCT, SUM, and RANK functions and preferred methods for calculating the weighted average for different scenarios.

Method 1: Calculate Weighted Ranking with SUMPRODUCT Function

Suppose, have a dataset containing Quiz marks of Students and weight for each quiz, which is in percentage, and the weight totals 100%. Let’s see, how to calculate and rank in this case. We will use SUMPRODUCT function here.

Steps:

• First, type the following formula in cell G5.

• Now, press the ENTER key.

• Finally, drag down to AutoFill rest of the series.

Here, the SUMPRODUCT function works like C5*C11+D5*D11+E5*E11+F5*F11.

• After that, type the following formula in cell H5. We will use the RANK function here.

• Press the ENTER key.

• So, drag down to AutoFill rest of the series.

• At this point, select the Rank column, go to the Data tab and click the Sort shortcut.

• As a result, a dialogue box will pop up and we will select Expand the selection and click Sort.

• Finally, our dataset will look like the image below.

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Method 2: SUM Function to Calculate Weighted Ranking

Instead of the SUMPRODUCT function, we can also use the SUM function if we are given weights in a total of 100%.

Steps:

• First, type the following formula in cell G5.

• After that, press the ENTER key.

• Finally, drag down to AutoFill rest of the series.

• From here, we can follow Method 1 and then rank and sort the dataset which will give us the final output like the image below.

That’s it.

Read More: How to Create a Ranking Graph in Excel (5 Methods)

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Method 3: Calculate Weighted Ranking for Weighted Numbers

Now, we have a scenario, where, weights total more than 100%.

Steps:

• First, type the following formula in cell G5.

• Now, press the ENTER key.

• Finally, drag down to AutoFill rest of the series.

• Lastly, follow Method 1 and the first rank then sort the dataset. We will get the result as follow.

Read More: How to Rank Within Group in Excel (3 Methods)

Method 4: Combined Formula to Calculate Weighted Ranking

In our last method, we will learn what steps to follow in case our weight is given as numbers.

Steps:

• First, type the following formula in cell G5.

• Now, press the ENTER key.

• Finally, drag down to AutoFill rest of the series.

• You already know, what to do from here. In case you cannot recall the steps to follow Method 1.

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Practice Section

The single most crucial aspect in becoming accustomed to these quick approaches is practice. As a result, we’ve attached a practice workbook where you may practice these methods.

Conclusion

That’s all for the article. These are 4 different methods for how to calculate weighted ranking in Excel. Based on your preferences, you may choose the best alternative. Please leave them in the comments area if you have any questions or feedback.

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