Weighted averages are used often in investing. It's basically how we measure the performance of our respective portfolios. In fact, the S&P 500 index is the weighted average performance of the 500 largest companies on the major U.S. stock exchanges by market capitalization.
To convert minutes in decimal format to a proper Excel time, just divide by 1440. For example, if you have a number that represents minutes in cell A1, use: If A1 contains the number 360 (representing 360 minutes) then the result will be 360/1440 = .25, since 360 minutes = 6 hours = 1/4 day.To see the result formatted in a normal time format, you'll need to change the number format to a time format.or example, if you have a number that represents minutes in cell A1, use: If A1 contains the number 360 (representing 360 minutes) then the result will be 360/1440 = .25, since 360 minutes = 6 hours = 1/4 day. To see the result formatted in a normal time format, you'll need to change the number format to a time format.
Into Decimal Hours Question How do I convert a time (like 7:30, seven hours thirty minutes) into a number (ie 7.5) that I can use in an Excel calculation of total hours? Answer If cell B2 contains the time in hours and minutes, for example 7:30, then this formula is one way to turn that time into its decimal equivalent in hours, that is 7.50: =int(b2)*24+hour(b2)+round(minute(b2)/60,2)