How to prove that:
$$P_{avg} = \dfrac{w_{1}P_{A} + w_{2}P_{B} + w_{3}P_{C}}{w_{1} + w_{2} + w_{3}}$$
lies between 0 and 1, where $P_{i}$ corresponds to probability scores and $w_{j}$ are real numbers
How to prove that:
$$P_{avg} = \dfrac{w_{1}P_{A} + w_{2}P_{B} + w_{3}P_{C}}{w_{1} + w_{2} + w_{3}}$$
lies between 0 and 1, where $P_{i}$ corresponds to probability scores and $w_{j}$ are real numbers
It is the same way in which one proves that any weighted average lies between its maximum and minimum component. Consider the set $$A=(P_{A},P_{B},P_{C})$$ Without loss of generality, let ${max{A}=P_{A}}$and ${min{A}=P_{B}}$
Now, consider weights $$0\leq\omega_{i}\leq1$$ such that $$\sum_{i}\omega_{i}=1$$ . Therefore, $$0\leq P_{B}\leq\tilde{P}=\sum_{i}\omega_{i}P_{i}\leq P_{A}\leq1$$
There are probably a lot of ways to prove this, but here's my shot.
Let $\tilde{w_i} = w_i/(w_1+w_2+w_3)$, $W = (\tilde{w_1}, \tilde{w_2}, \tilde{w_3})'$, $P = (P_A,P_B,P_C)'$ and $|| \cdot ||_2$ denote the $L2$ norm. Then $$ P_{avg} = |W'P| \le ||W||_2 |||P||_2 \le 1 $$
by the Cauchy-Schwarz inequality.