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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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.
The Columbia Electronic Encyclopedia™ Copyright © 2013, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/

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 It might be outdated or ideologically biased.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.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.

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 ?
Average down payment percentage.Having a higher amount of money saved for a down payment can enable you to borrow more money or be offered a lower interest rate, allowing you to make a stronger offer.
financial markets slid deep into negative territory at the Closing Bell on Wednesday, with the Dow Jones Industrial Average down 88.34, to 21,811.55, and the Nasdaq Composite index off 19.07 to 6,278.41.
The average down payment for home purchases dropped to a three-year low in the first quarter, according to a new report.
The weighted average down payment percentage has held fairly steady between about 13 and 16 percent over the past decade.
stocks tumbled on Monday, pushing the Dow Jones industrial average down more than 320 points after reports of sluggish U.S growth added to investor worries about the global economy.
But Dundee suffered a 16 per cent price drop on the month, with the average down almost pounds 20,000 to pounds 104,071.
USA Ocala Breeders' Sales Company's two-day Winter Mixed Sale ended on Wednesday with the $2,950 median down less than two per cent on 2009, the $5,715 average down eight per cent, and the highest price paid for a horse at this sale ($105,000, achieved in the first session) since 2007.
On Wall Street, investors were unnerved by concerns over unemployment and the stability of financial firms in Europe, sending the Dow Jones Industrial Average down 0.8% in early trade.
stocks plunged Monday, with the Dow Jones Industrial Average down to its lowest close since May 27, after a downward revision of the World Bank's 2009 global growth forecast reminded investors that economic recovery may take longer than hoped.
But stocks plunged again yesterday, with the Dow Jones Industrials Average down about 350 points amid growing fears that the government's financial rescue plan might not be enough to ward off a recession.
But stocks plunged again yesterday, with the Dow Jones Industrials Average down about 350 points, amid growing fears that the government's financial rescue plan might not be enough to ward off a recession.

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