How can I use the Weighted Total column in the Grade Center?

Original Course View:

For information on how to use the weighted total column, see: https://help.blackboard.com/Learn/Instructor/Grade/Grading_Tasks/Calculate_Grades#create-weighted-columns_OTP-4

Ultra Course View:

Ultra courses allow instructors to create weighted calculations. For information on how to create weighted calculations, please visit: https://help.blackboard.com/Learn/Instructor/Grade/Grading_Tasks/Calculate_Grades#ultra-create-weighted-calculations_OTP-11