average[av′ər ij, av′rij]
- The definition of average is typical or common.
A person with brown hair, brown eyes, medium build and medium height is an example of an average individual.
- Average is defined as a value found by adding all of the numbers in a set together and then dividing them by the quantity of numbers in the set.
Six is an example of the average of five and seven.
- the numerical result obtained by dividing the sum of two or more quantities by the number of quantities; an arithmetic mean
- grade-point average
- an approximation of this: an average of C in French
- usual or normal kind, amount, quality, rate, etc.: an intelligence above the average
- a number or value of a set of values carefully defined to typify the set, as a median or mode
- ☆ batting average
- Maritime Law
- a loss incurred by damage to a ship at sea or to its cargo
- an incurring of such loss
- the equitable division of such loss among the interested parties
- a charge arising from such loss
- any of various small charges paid by the master of a ship, as for pilotage or towage
Origin of averagealtered (by associated, association with Middle English average, money rent paid in place of service by the tenant with his horses ; from aver, draft horse) ; from Old French avarie, damage to ship or goods, mooring charges ; from OIt avaria ; from Arabic ʿawār, damaged goods; order of main sense development (in average), , , , , and the like
- constituting an average: the average speed is high
- intermediate in value, rate, etc.; hence, normal or ordinary: an average student
intransitive verbaveraged, averaging
- to be or amount to on an average: the children average six years of age
- to buy or sell additional fixed amounts, as of shares of stock, at lower or higher prices over time so as to get a better average price: usually with down or up
- to invest, as in shares of stock, fixed amounts of money at regular intervals so as to buy more at lower prices and less at higher prices: usually in phrase dollar (cost) averaging
- to calculate the average or mean of
- to do, take, etc. on an average: to average six hours of sleep a night
- to divide proportionately among more than two: they averaged the loss among themselves
on (the) average
- Mathematics a. A number that typifies a set of numbers of which it is a function.b. See arithmetic mean.
- a. An intermediate level or degree: near the average in size.b. The usual or ordinary kind or quality: Although the wines vary, the average is quite good.
- Sports The ratio of a team's or player's successful performances such as wins, hits, or goals, divided by total opportunities for successful performance, such as games, times at bat, or shots: finished the season with a .500 average; a batting average of .274.
- Law a. The loss of a ship or cargo, caused by damage at sea.b. The incurrence of damage or loss of a ship or cargo at sea.c. The equitable distribution of such a loss among concerned parties.d. A charge incurred through such a loss.
- Nautical Small expenses or charges that are usually paid by the master of a ship.
- Mathematics Of, relating to, or constituting an average.
- Being intermediate between extremes, as on a scale: a movie of average length; a player of average ability.
- Usual or ordinary in kind or character: a poll of average people; average eyesight.
- Assessed in accordance with the law of averages.
verbav·er·aged, av·er·ag·ing, av·er·ag·es
- Mathematics To calculate the average of: average a set of numbers.
- To do or have an average of: averaged three hours of work a day.
- To distribute proportionately: average one's income over four years so as to minimize the tax rate.
Origin of averageEarly Modern English, damage to a ship or its cargo, equitable distribution of the expenses from such damage, average, from Middle English, charge above the cost of freight, from Old French avarie, from Old Italian avaria, duty, from Arabic ‘awārīya, damaged goods, from ‘awār, blemish, from ‘awira, to be damaged; see &ayin;wr in Semitic roots.
- (law, marine) Financial loss due to damage to transported goods; compensation for damage or loss. [From 15th C.]
- Customs duty or similar charge payable on transported goods.
- Proportional or equitable distribution of financial expense.
- (mathematics) The arithmetic mean.
- The average of 10, 20 and 24 is (10 + 20 + 24)/3 = 18.
- (statistics) Any measure of central tendency, especially any mean, the median, or the mode.
- (sports) An indication of a player's ability calculated from his scoring record, etc.
- batting average
- (UK, in the plural) In the corn trade, the medial price of the several kinds of grain in the principal corn markets.
- (mathematics, statistics): The term average may refer to the statistical mean, median or mode of a batch, sample, or distribution, or sometimes any other measure of central tendency. Statisticians and responsible news sources are careful to use whichever of these specific terms is appropriate. In common usage, average refers to the arithmetic mean. It is, however, a common rhetorical trick to call the most favorable of mean, median and mode the "average" depending on the interpretation of a set of figures that the speaker or writer wants to promote.
(comparative more average, superlative most average)
- (not comparable) Constituting or relating to the average.
- The average age of the participants was 18.5.
- Neither very good nor very bad; rated somewhere in the middle of all others in the same category.
- I soon found I was only an average chess player.
- The average family will not need the more expensive features of this product.
- (informal) Not outstanding, not good, banal; bad or poor.
- (neither very good nor very bad): extraordinary
(third-person singular simple present averages, present participle averaging, simple past and past participle averaged)
- (informal) To compute the arithmetic mean of.
- If you average 10, 20 and 24, you get 18.
- Over a period of time or across members of a population, to have or generate a mean value of.
- The daily high temperature last month averaged 15°C.
- To divide among a number, according to a given proportion.
- to average a loss
From Old French avarie, from Old Italian avaria (which possibly from Arabic عوارية (ʕawārīya, “damaged goods”), from عوار (ʕawār, “fault, blemish, defect, flaw”), from عور (ʕáwira, “to lose an eye”)).
average - Investment & Finance Definition
A number arrived at by totaling a set of values and then dividing that sum by the number of values in the set. Averages, such as the Dow Jones Industrial Average (DJIA), are cited as a measure of the stock market’s performance. To arrive at the DJIA, the prices of the 30 stocks in the DJIA are added and divided by an adjusted divisor whose value is printed daily in the Wall Street Journal.