## AVERAGE

### Average

In colloquial language average usually refers to the sum of a list of numbers divided by the size of the list, in other words the arithmetic mean. However, the word "average" can confusingly be used to refer to the median, the mode, or some other central or typical value. In statistics, these are all known as measures of central tendency. Thus the concept of an average can be extended in various ways in mathematics, but in those contexts it is usually referred to as a mean

The above text is a snippet from Wikipedia: Average

### average

#### Noun

1. Financial loss due to damage to transported goods; compensation for damage or loss.
2. Customs duty or similar charge payable on transported goods.
3. Proportional or equitable distribution of financial expense.
4. The arithmetic mean.
The average of 10, 20 and 24 is (10 + 20 + 24)/3 = 18.
5. Any measure of central tendency, especially any mean, the median, or the mode.
6. An indication of a player's ability calculated from his scoring record, etc.
7. The service that a tenant owed his lord, to be done by the animals of the tenant, such as the transportation of wheat, turf, etc.
8. In the corn trade, the medial price of the several kinds of grain in the principal corn markets.

#### Verb

1. To compute the arithmetic mean of.
If you average 10, 20 and 24, you get 18.
2. 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.
3. To divide among a number, according to a given proportion.
to average a loss

1. Constituting or relating to the average.
The average age of the participants was 18.5.
2. 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.
3. Typical.
The average family will not need the more expensive features of this product.
4. Not outstanding, not good, banal; bad or poor.

The above text is a snippet from Wiktionary: average