Just trying to average and explain average of the responses to my survey questions. Based upon the below example:

1. please advise if you agree with the average; and
2. my explanation of the average of the questions responses; and
3. if there is a better way to write the equation. Thanks so much.

EXAMPLE:

Question 05: After the financial crisis in 2008, the World Bank created an economic faux pas by not properly forecasting debt to GDP resulting in constrained lending to emerging markets and lower capital availability.

RESPONSES FROM PARTICIPANTS

	StronglyAgree	Agree	NeitherAgreenorDisagree	Disagree	StronglyDisagree	Total
Financial	0.00%	28.57%/2	57.14%/4	14.29%/1	0.00%	20.00%/7
Nonfinancial	0.00%	100%/1	0.00%	0.00%	0.00%	2.86%/1
Academic	0.00%	21.43%/3	71.43%/10	7.14%/1	0.00%	40.00%/14
GovtAgency	12.50%/1	62.50%/5	12.50%/1	12.50%/1	0.00%	22.86%/8
NoneofThese	0.00%	20.00%/1	40.00%/2	20.00%/1	20.00%/1	14.29%/5
Total	2.86%	34.29%	48.57/17	11.43%/1	2.86%/1	100.00%/35

1. Strongly Agree
2. Agree
3. Neither Agree nor Disagree
4. Disagree
5. Strongly Disagree

Here is my equation:

GA (1*1) + Fin (2*2) + NF (2*1) + AC (2*3) + GA (2*5) + Nne (2*1)

Fin (3*4) + AC (3*10) + GA (3*1) + Nne (3*2)

Fin (4*1) + AC (4*1) + GA (4*1) Nne (4*1)

Nne (5*1)

_________________________________________________________________

35

98/35 = 2.8

EXPLANATION:The average rating of 2.80 indicates that the World Banks improper forecasting debt to GDP resulted in constrained lending to emerging markets and lower capital availability.