average

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average,

number used to represent or characterize a group of numbers. The most common type of average is the arithmetic meanmean,
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.
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. See medianmedian.
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.
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; modemode,
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.
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.

average

see MEASURES OF CENTRAL TENDENCY.

Average

 

in maritime law. (1) General average—property damage caused intentionally to a ship or its cargo to avoid danger to both or to forestall losses (for instance, the jettison of cargo or of ship provisions to lighten the ship in trying to get off a sandbank). The USSR Trade Navigation Code defines general average as losses suffered as a consequence of intentional and reasonable emergency expenditures and sacrifices to save a ship or its cargo from danger. The losses incurred in the case of general average are distributed proportionally according to the value of the ship, freight, and heavy loads.

(2) Particular average—unintentional damage caused to a ship or its cargo or in connection with their movement; the losses in the case of particular average are borne by those who suffered them or by those who are responsible for having caused them.

In Soviet legislation questions relating to general and particular average are regulated by the USSR Trade Navigation Code. In international trade, relations arising out of general average are regulated by the York-Antwerp Rules (the 1950 edition). These rules are applied only according to an agreement between the parties included in their contract of affreightment.

average

[′av·rij]
(mathematics)

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
References in periodicals archive ?
US shares suffered from reports of falling sales at technology heavyweight Cisco, sending the Dow Jones Industrial Average down 150 points by the close last night.
Currently, the average age of Bentley owners is over 50, but Bentley is hoping the new car will bring this average down to below 50.
The numbers will be disappointing for Stormont bosses who wanted to bring the average down to 9.
Shares also came under pressure late in the session, as worse-than-expected retail sales figures in the US sent Wall Street's Dow Jones Industrial Average down by more than 2% in early trading.
Panic selling swept across Wall Street Monday as Congress unexpectedly defeated the government's financial bailout package, sending the Dow Jones average down 777 points for the biggest-ever single-day point loss in U.
stocks tumbled Friday after the first monthly decline in jobs since 2003 magnified the threat of a recession, sending the Dow Jones industrial average down 250 points and wiping out the week's gains.
MATCHES between Leicester and Northampton have produced an average of 28 points over the last four seasons, and it could be that today's clash brings the average down further.
LAPD officials have said they want to bring the citywide average down to eight minutes.
Taken as a percentage of the sales price, the average down payment dropped to 19.
5% - after a heavy sell-off sent Wall Street's Dow Jones Industrial Average down almost 4% in early trading.
Panic selling swept across Wall Street, sending the Dow Jones average down 777 points, the largest-ever single-day point loss in U.

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