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average |
Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia, Hutchinson | 0.03 sec. |
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average, number used to represent or characterize a group of numbers. The most common type of average is the arithmetic mean mean, in statistics, a type of average . The arithmetic mean of a group of numbers is found by dividing their sum by the number of members in the group; e.g., the sum of the seven numbers 4, 5, 6, 9, 13, 14, and 19 is 70 so their mean is 70 divided by 7, or 10. ..... Click the link for more information. . See median median. 1 In statistics, a type of average . In a group of numbers as many numbers of the group are larger than the median as are smaller. In the group 4, 5, 6, 9, 13, 14, 19, the median is 9, three numbers being larger and three smaller. ..... Click the link for more information. ; mode mode, in statistics, an infrequently used type of average . In a group of numbers the mode is the number occurring most frequently. In the group 1, 4, 5, 5, 6, 6, 6, 6, 9, 9, the mode is 6 because it occurs four times and the others only once or twice. ..... Click the link for more information. . average 1. the result obtained by adding the numbers or quantities in a set and dividing the total by the number of members in the set 2. (of a continuously variable ratio, such as speed) the quotient of the differences between the initial and final values of the two quantities that make up the ratio 3. Maritime law a. a loss incurred or damage suffered by a ship or its cargo at sea b. the equitable apportionment of such loss among the interested parties average [′av·rij] (mathematics) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The moving average is generally used to determine whether an existing trend is still in motion or confirm a reversal has taken place. The moving average now stands lower than one year ago, erasing all of 1990's production gains. Additionally, the stock is now perched above its 20-day moving average for the first time since November 21. |
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