weight

  

Definitions (2)

1. Shipping: Gross weight (weight of cargo and its container), net weight or tare weight (weight of cargo only), or legal weight (weight established through a legally mandated method).

2. Statistics: Number assigned to a characteristic, factor, or quantity to signify its level of importance in comparison with other characteristics, factors, or quantities. In a retail price index, for example, the price of bread is assigned a higher weight (say '10') than SOAP (say '2') because of bread's greater importance to the consumers.

Featured Tip

Don't Get Demoralized with New Startups

Though the immediate cause of death in a startup tends to be running out of money, the underlying cause is usually lack of focus. Either the company is run by stupid people (which can't be fixed with advice) or the people are smart but got demoralized. Starting a startup is a huge moral weight. Understand this and make a conscious effort not to be ground down by it, just as you'd be careful to bend at the knees when picking up a heavy box.

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