average

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Related to averages: Weighted averages

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 ?
Red: Simple Moving Average (SMA)<br> Blue: Exponential Moving Average (EMA)<br> Green: Smoothed Moving Average (SMMA)<br> Violet: Linear Weighted Moving Average (LWMA)
Average Hagberg, protein content, specific weight and moisture content are lower than last year.
Rosenman et al.'s (2005) description of missing and estimated data, the illogical peak versus average data results, the triple averaged DWA exposure estimates, and the limit of analytical detection of the sampling method all combine to make it likely that virtually all members of the study population experienced multiple days of exposure > 2 [micro]g/[m.sup.3], and hence the study cannot sustain conclusions about the degree of risk associated with lower levels of exposure.
* Market wide in Manhattan, the average sales price for co-ops was up 23 percent with condominiums seeing a 25 percent gain.
In reality, course averages for this class were calculated in a slightly different manner than that represented by the above exercise.
The national city average retail price of unleaded regular gasoline at all types of stations was $2.04 per gallon in June 2004, 35 percent higher than the price in June 2003.
What if someone asked how many dancers there are in "a typical dance company?" Would it make sense to add up averages for ballet companies, West African cultural ensembles, single-choreographer modern troupes and everything else, then compute an overall average?
compiles and maintains other averages like the Dow Jones transports, an index of airline, rail and other transportation, shares.
If, for example, only 10 percent of financial institutions offer a particular retail service, few observations of financial institutions in the sample can be used to estimate the average fee for that service, and the sampling error will be large.
Tenure in the position averages 4.73 years, down from 4.9 years in 1987 and 5.4 years in 1985 (figure 2, above).
Her demeanor exudes poise, her figure curves gracefully, her face is incredibly average.