**average**v"er*age (&?;), a.

*1.* 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.

*2.* according to

the laws of averages; as,

the loss must be

made good by

average contribution.

**average** v"er*age (&?;), n. [of. average, ll. averagium, prob. fr. of. aver, f. avoir, property, horses, cattle, etc.; prop. infin., to have,

from l.

habere to have. cf. f. avÃ©rage

small cattle,

and avarie (perh. of

different origin)

damage to

ship or cargo,

port dues.

the first meaning was perh.

the service of

carting a

feudal lord's wheat,

then charge for carriage,

the contribution towards loss of

things carried, in

proportion to

the amount of

each person's property. cf. aver, n., avercorn, averpenny.] 1. (old eng. law)

that service which a

tenant owed his lord, to be

done by

the work beasts of

the tenant, as

the carriage of wheat, turf, etc.

*2.* [cf. f. avarie

damage to

ship or cargo.] (com.) (a) a

tariff or

duty on goods, etc. [obs.] (b)

any charge in

addition to

the regular charge for freight of

goods shipped. (c) a

contribution to a

loss or

charge which has been imposed upon one of

several for the general benefit;

damage done by

sea perils. (d)

the equitable and proportionate distribution of

loss or

expense among all interested. Â Â similar words(4)Â

Â on an averageÂ

**Â general averageÂ **Â particular averageÂ

**Â gross averageÂ ** (

*v. t.*)

To

find the mean of,

when sums or

quantities are unequal; to

reduce to a mean.Â Â

(

*v. t.*)

To do, accomplish, get, etc., on an average.Â Â

(

*v. t.*)

To

divide among a number,

according to a

given proportion; as, to

average a loss.Â Â

(

*v. i.*)

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.Â Â

(

*n.*)

The

equitable and proportionate distribution of

loss or

expense among all interested.Â Â

(

*n.*)

That

service which a

tenant owed his lord, to be

done by

the work beasts of

the tenant, as

the carriage of wheat, turf, etc.Â Â

(

*n.*)

In

the english corn trade,

the medial price of

the several kinds of

grain in

the principal corn markets.Â Â

(

*n.*)

Any

medial estimate or

general statement derived from a

comparison of

diverse specific cases; a

medium or

usual size, quantity, quality, rate, etc.Â Â

(

*n.*)

Any

charge in

addition to

the regular charge for freight of

goods shipped.Â Â

(

*n.*)

A

tariff or

duty on goods, etc.Â Â

(

*n.*)

A

mean proportion,

medial sum or quantity,

made out of

unequal sums or quantities; an

arithmetical mean. Thus, if A

loses 5 dollars, B 9,

and C 16,

the sum is 30,

and the average 10.Â Â

(

*n.*)

A

contribution to a

loss or

charge which has been imposed upon one of

several for the general benefit;

damage done by

sea perils.Â Â

(

*a.*)

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.Â Â

(

*a.*)

According to

the laws of averages; as,

the loss must be

made good by

average contribution.Â Â

**Noun**1. a

statistic describing the location of a distribution; "it

set the norm for american homes" (synonym)

norm (hypernym)

statistic (hyponym)

age norm (derivation)

average out (classification) statistics

**Verb**1.

amount to or

come to an average,

without loss or gain; "The

number of

hours I

work per work averages out to 40" (synonym)

average out (hypernym) total, number,

add up, come,

amount (derivation) norm2.

achieve or

reach on average; "He

averaged a C" (hypernym) achieve, accomplish, attain,

reach (derivation) norm3.

compute the average of (synonym)

average out (hypernym) calculate, cipher, cypher, compute,

work out, reckon,

figure (derivation)

norm (classification) arithmetic

**Adjective**1.

approximating the statistical norm or

average or

expected value; "the

average income in

new england is

below that of

the nation"; "of

average height for his age"; "the

mean annual rainfall" (synonym) mean(a) (similar)

normal (classification) statistics2.

lacking special distinction, rank, or status;

commonly encountered; "average people"; "the

ordinary (or common)

man in

the street" (synonym)

ordinary (similar) common3. of no

exceptional quality or ability; "a

novel of

average merit"; "only a

fair performance of

the sonata"; "in

fair health"; "the

caliber of

the students has gone from mediocre to

above average"; "the

performance was middling at best" (synonym) fair, mediocre,

middling (similar) ordinary4.

around the middle of a

scale of

evaluation of

physical measures; "an

orange of

average size"; "intermediate capacity"; "a

plane with intermediate range"; "medium bombers" (synonym) intermediate,

medium (similar) moderate5.

relating to or

constituting the most frequent value in a distribution; "the

modal age at

which american novelists reach their peak is 30" (synonym) modal(a) (similar)

normal (classification) statistics6.

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" (synonym) median(a) (similar)

normal (classification) statistics

meÃ¡n

AnÂ arithmetic

mean returnÂ of selectedÂ stocksÂ intended to

represent the behavior of theÂ marketÂ or

some component of it.

one good example is

the widely quotedÂ Dow

jones industrial Average,

which adds the currentÂ pricesÂ of

the 30 DJIA stocks,

and divides the results by a

predetermined number,

the divisor.

a

general term that is

used to

represent or

summarise the relevant features of a

set of values.

the arithmetic mean is

often used as a

measure of average,

but the median and the mode can also be

used to

summarise a

set of values.

see insurance.

A

fortuitous partial loss of

insured property proximately caused by an

insured peril,

but which is

not a

general average loss.

InÂ mathematics, an

**average**, or

**central tendency** of aÂ data setÂ refers to a

measure of

the "middle" or "expected"

value of

the data set.

there are many differentÂ descriptive statisticsÂ that

can be

chosen as a

measurement of

the central tendency of

the data items.

the most common method is theÂ arithmetic mean,

but there are more than one type of

average (medianÂ being

another common example).

mediocris

earnings index (AEI) A

breeding statistic that compares racing earnings of a

stallion or

mare's foals to

those of

all other foals racing at

that time. An AEI of 1.00 is

considered average, 2.00 is

twice the average, 0.50

half the average, etc.

bov, bov-tor

bov-, bovik

**1 ** *noun***(a) ** usual amount, size, rate, etc.;

*her weight is above (the) average***(b) ** value calculated by

adding together several quantities and then dividing the total by

the number of quantities

**2 ** *adjective***(a) ** usual, ordinary;

*their son is of above average weight***(b) ** calculated by

adding together several quantities and then dividing the total by

the number of quantities;

*their average age is 25* the sum of

all data values divided by

the number of

elements in

the distribution.

unlike the median and the mode, it is

not appropriate to

use the mean to

characterise a

skewed distribution (see

also **standard deviation**).

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.