Pertaining to an average or mean; medial; containing a mean proportion; of a mean size, quality, ability, etc.; ordinary; usual; as, an average rate of profit; an average amount of rain; the average Englishman; beings of the average stamp.
To find the mean of, when sums or quantities are unequal; to reduce to a mean.
To divide among a number, according to a given proportion; as, to average a loss.
To form, or exist in, a mean or medial sum or quantity; to amount to, or to be, on an average; as, the losses of the owners will average twenty five dollars each; these spars average ten feet in length.
average rainfall is calculated by dividing the total by the number of entries, i.e. the arithmetic mean. (cf. median.)
the mean (arithmetic average) score on one deal, or over one session, in a duplicate bridge contest.
The simple arithmetic average for a population; that is, the sum of all the values in a population divided by the size of the population. Population means are estimated by computing the weighted sum of the sample values, then dividing by the sum of the sample weights. (See Weight.)
the total number of items divided by the number of items.
A number that represents the characteristics of a data set, calculated by adding a group of numbers then dividing by the number of elements in that group.
An mathematical representation of the behavior of a specific sector or index of the market (for example, the Dow Jones Industrial Average).
The middle or most common in a set of data. There are three types of average in mathematics - the mean, the median and the mode.
For a bowler, the total number of pins knocked down divided by the number of games bowled in a specific league.
The average of a set of numbers is derived by adding them up, then dividing this result by the number of numbers added. For example, the average of 3, 5, 8, and 12 is 7, because 3 + 5 + 8 + 12 = 28, there were 4 numbers, and 28 divided by 4 is 7. The average is also known as the mean. See also median and mode: other measures of central tendency.
A mathematical term that is used to represent a number that has been calculated by adding several figures together, and dividing the total by the number of figures added.
An arithmetic mean of a group of stocks designed to represent the overall market or some part of it, differing from an in that it is not weighted. The Dow Jones Industrial Average is the most common average. see also moving average, mean, median, per capita.
A mathematical term that represents the middle point of a group of values. The average is obtained by taking the sum of a group of values and dividing by the number of values.
( State). Syn. Arithmetic mean. Sometime used in a general way as a representative value. See Mean,Weighted.
The number found by dividing the sum of all quantities by the total number of quantities. For example, Aggregate Income divided by Total Households equals Average Household Income.
the value obtained by dividing the sum of a set of quantities by the number of quantities in the set. Also called the arithmetic mean.
sometimes used synonymously with arithmetic 'mean'. More widely, measures of average include mean, median and mode.
(3) A typical or middle value for a set of numbers. It is found by adding the numbers in the set and then dividing the total by the number of values in the set. Example: 2, 4, 5, 9, 10 = 30; 30 ÷ 5 = 6; The mean is 6.
lacking special distinction, rank, or status; commonly encountered; "average people"; "the ordinary (or common) man in the street"
relating to or constituting the middle value of an ordered set of values (or the average of the middle two in an even-numbered set); "the median value of 17, 20, and 36 is 20"; "the median income for the year was $15,000"
a more accurate representation
a ratio, calculated as a sum of values divided by the number of values
a single number, not a range
a way to approximate a value for a large set of numbers
The sum of a set of elements divided by the number of elements in the set; also called the Mean or Weighted Average.
arithmetic mean price of a security
In this publication average is used as a synonym for mean. It is not to be confused with the median, which is a different measure of the 'centre' of the income distribution.
The average is the total of all pieces added up and divided by the number of pieces. Scientists use the word average to explain entire systems. Even though there are a few pieces with very high numbers and a few with very low, those two "average"
Your average is the sum of all your games divided by the number of games played. You can use your average as a way of recording your improvement - set a goal of raising your average game, say 10 pins a season, until you reach the level of par bowlers.
This station is set up for Daily Average beginning at midnight and lasting 24 hours.
The result obtained by dividing the sum total of a set or group of numbers by the total number in that group. Use caution when using this type of calculation, as high numbers in a set or very low numbers in the set skew the average number and distort the picture of what the indicator is supposed to express.
The total figure reached by computation of a batsman's run scoring performance measured against the number of deliveries faced or a bowlers performance measure against the number of runs conceded as compared to the number of wickets taken.
a measure of central tendency of a collection of data; usually expressed as the mean of the collection of data but includes median and mode.
A mean of selected stocks that represents the general behavior of the market.
batting average is reached by dividing the number of runs scored by the number of innings played, less the number of times that player has been not out, bowling average is the number of runs conceded by the number of wickets taken. Byes and leg byes are not counted.
Technically an umbrella term encompassing mean, median and mode. See also mean, median and mode.
Any loss or damage due to insured perils that is less than a total loss. Two types of average occur: Particular Average and General Average.
An aggregation operation calculated by summing estimates and dividing by the number of estimates. Average estimates a central tendency of the estimates, but is sensitive to outlying extreme estimates. See also Mean.
The sum of a group of numbers divided by the amount of numbers added together. Averages are very prominent in technical analysis. See also moving average. asis Point — A basis point is one hundredth of a percentage point (0.01%) and is used for quoting changes in yields and interest rates. For example, a bond yield rise from 7% to 7.12% represents an increase of 12 basis points.
Also known as an index, a mathematical computation that indicates the value of a number of securities as a group. The three most popular averages are the Dow Jones Industrial Average (DJI), Standard & Poor's (S&P) 500, and the New York Stock Exchange Composite. The average, which may be market-weighted, share-weighted, or price-weighted, indicates performance.
A term used in settlement of claims. It may have originally come from the French word avarie, meaning loss or damage. There are both general and particular average clauses. Average clauses are the precursor of co-insurance clauses. They refer to any partial loss or damage due to insured perils. It requires the insured to maintain coverage equal to a stated percentage of the actual cash value of the subject of the subject of the insurance; otherwise the insured must pay a part of the loss.
An average is a way to describe the most typical of a full range of scores from the lowest to the highest. An arithmetic average is the total of all values (scores) divided by the number of values (scores). Mean is another term for average.
Number of hits by a player divided by the number of his official at-bats. BB
An amount, standard, level or rate regarded as usual or ordinary. The average can be represented using the mean, median or mode.
The sum of a list of data points divided by the number of data points.
The purpose of this clause is to ensure that in the event of a claim, insurers are not prejudiced by underinsurance. In effect what the clause is saying, is that if you have an item or property valued at say, R10 000 (Sum At Risk SAR), but you only insure it for R7 000 (Sum Insured SI), you are the insurer for the shortfall (R 3 000.00) and must therefore bear a rateable proportion of any loss. You have insured R7 000 with the insurer and R3 000 with yourself. In the above example, should you suffer a loss of say R2 000.00 the insurer is likely to settle: Sum Insured(SI) R 7 000.00 divided by Sum At Risk (SAR) R 10 00.00 this result is then multiplied by the Loss value R 2 000.00 = R 1 400.00 You will be your own Insurer, for the balance of R600.
The number found by dividing the sum of all quantities by the total number of quantities. Related terms: Mean, Median
In marine insurance: a loss or damage to or in respect of goods or equipment. The numerical result obtained by dividing the sum of two or more quantities by the number of quantities.
Also referred to as the mean, the sum or total of all responses divided by the number of respondents.
Average is the value obtained by calculating the sum of all similar profiles and then dividing that sum by the number in the set.
An average, when applied to stock returns, is an arithmetic mean return of selected stocks with the notion that it is a representation of the market and its behavior. An example of this is the Dow Jones Industrial Average, which adds the current prices of the 30 DJIA's stocks, and divides the results by a predetermined number. You can use such averages to try and guage the market or compare your Marketocracy fund's performance to the market average.
(noun) Exactly or approximately the quotient obtained by dividing the sum total of a set of figures by the number of figures. (A quotient (noun) is the number obtained when one quantity is divided by another.)
A synonym for “mean”: the sum of a set of values divided by the number of values.
A student's grade average is calculated by adding up the final marks of his/her courses and dividing the total by the number of courses.
A general term given to a descriptive statistic, which gives a measure of central tendency of sample data, eg mean, median, mode.
Also called the arithmetic mean, the average of of a set of numbers is the sum of the numbers divided by the number of numbers. For example, the average of 1,4,6,9 is (1+4+6+9)/4=5.
The mean value for a 30-year base period. The 30-year average is the accepted standard set by the World Meteorological Organization. The current base period is 1961-1990. A new 30-year average is calculated every 10 years. Standard averages are computed for sites having at least 25 years of data.
1. Same as arithmetic mean. 2. In a very broad sense, any number lying between the extremes of a set of numbers. Compare Reynolds averaging, ensemble average, area average, mean, ergodic.
An arithmetic mean of selected stocks intended to represent the behavior of the market or some component of it. One good example is the widely quoted Dow Jones Industrial Average, which adds the current prices of the 30 DJIA's stocks, and divides the results by a predetermined number, the divisor.
The arithmetic mean. In marine insurance, loss or damage. In non-marine property insurance, where average is said to apply and there has been under-insurance, the insured's claim is reducible in proportion to the under-insurance.
(see “Meanâ€) The sum of a group of numbers divided by the total number of values in the group.
The arithmetic median between the greatest and least awarded scores available.
When several measurements of a quantity are made, the sum of the measurements divided by the number of measurements.
It is better to avoid this sometimes vague term. It usually refers to the (arithmetic) mean, but it can also signify the median, the mode, the geometric mean, and weighted means, among other things.
the arithmetic mean; the quantity found by adding several measurements together and dividing the sum by the number of measurements; (example, the average of 12+14+13 = 39 / 3 = 13).
An arithmetic mean calculated by dividing the sum of the value of a group of stocks by a predetermined divisor.
A number between the smallest and largest in a group or set of numbers, obtained by adding all the values in the set and dividing the sum by the number of values Synonym: mean Development Leadership Network, Success Measures Guide Book GlossarySource web site
A stock market indicator based on the sum of market values for a selected sample of stocks, divided either by the number of issues or by a divisor that allows for stock splits or other changes in capitalization. The most widely used average is issued by Dow-Jones.
An appropriately weighted and adjusted arithmetic mean of specific securities, an average is designed to represent general trends or behavior of a complete market or individual segments of a market. The Dow Jones industrial and transportation averages are just two examples of these widely known and important analytical tools. back to the top
The result of dividing the sum of a set of values by the number of values.
Noun. For example, it can refer to the general meaning (neither good or bad), but also has a more specific meaning as a mathematical function in Excel: Insert menu, Function, "AVERAGE" jiddugala View
1. An arithmetic mean. 2. An amount obtained by adding the elements of a set and dividing by the number in the set. 3. The ordinary standard.
In mathematics, an average or central tendency of a set (list) of data refers to a measure of the "middle" of the data set. There are many different descriptive statistics that can be chosen as a measurement of the central tendency. The most common method, and the one generally referred to simply as the average, is the arithmetic mean.