# average

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Related to average: standard deviation

## 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.
. 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.
; 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.
.

## average

see MEASURES OF CENTRAL TENDENCY.
Collins Dictionary of Sociology, 3rd ed. © HarperCollins Publishers 2000
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

## 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)
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.

## 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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
Accordingly, the average AZN/TRY rate was 0.2984 manats.
The average loan amount offered to potential homebuyers fell around \$28,000 from \$285,903 in Q2 to \$257,749 in Q3.
'Smallfoot,' Warner Bros., \$23,045,635, 4,131 locations, \$5,579 average, \$23,045,635, 1 Week.
2016 6-Month Average 2,419 4,066 2,577 19,521 4,095
* The average value of a mobile check deposit was \$598.50.
The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.28% this week with an average 0.5 point, up from last week when it averaged 3.24 % .
Prices of straight feedingstuffs decreased on average by 1.5%.
NLCS tickets, for the entire series, are averaging \$447, which is 50 percent higher than the ALCS average ticket price of \$298.
CME Group FX volume averaged 866,000 contracts per day, up 31 percent compared with the same period a year ago, reflecting average daily notional value of \$110 billion.
Spain's average price was 154.78 euro/100 kg, a 2.8% decrease year-on-year.
In the realm of technical indicators, moving averages are extremely popular with market technicians and with good reason.

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