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Calculate Weighted Averages Using High, Medium, Low

On another thread I found a solution to creating a weighted average given a pair of columns of numbers but I have column B consisting of values given as High, Medium and Low and the weighted column C of 1, 2 or 3.

How can I use the formula below to accomplish this, or is this maybe not the right way to created a weighted average?


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Using Loops For Taking Averages
I have a column of 96 numbers (observations every 15 minutes for a 24 hour period), and I want to take the average of these numbers in groups of four (the hourly average). My data starts in cell A2 and goes to cell A97. My first batch of averages are labeled as follows:

startCell = ActiveCell.AddressLocal
stopCell = ActiveCell.AddressLocal

Now, clumsy programming aside, I just want to say something like this

averageCell = AVERAGE(startCell:stopCell)

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