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My high school graduating class was 160 people and about 40 of us were valedictorians, as the title was conferred upon anyone with a 4.0 or higher, and AP/IB classes were weighted with an extra point (so an A was a 5.0, B 4.0, etc). So I graduated with like a 4.2 weighted, 3.7 unweighted.
Out of the 40 or so of us, we had to like apply to be valedictorian speakers, I think, and two were selected to speak at graduation. I don't remember if they were chosen by the graduating class, by teachers, or some combination, though.
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