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more about average
average |
5 definitions found From Webster's Revised Unabridged Dictionary (1913) [web1913]: Average \Av"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. av['e]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. {General average}, a contribution made by all parties concerned in a sea adventure, toward a loss occasioned by the voluntary sacrifice of the property of some of the parties in interest for the benefit of all It is called general average, because it falls upon the gross amount of ship, cargo, and freight at risk and saved by the sacrifice. --Kent. {Particular average} signifies the damage or partial loss happening to the ship, or cargo, or freight, in consequence of some fortuitous or unavoidable accident; and it is borne by the individual owners of the articles damaged, or by their insurers. {Petty averages} are sundry small charges, which occur regularly, and are necessarily defrayed by the master in the usual course of a voyage; such as port charges, common pilotage, and the like which formerly were and in some cases still are borne partly by the ship and partly by the cargo. In the clause commonly found in bills of lading, ``primage and average accustomed,'' average means a kind of composition established by usage for such charges, which were formerly assessed by way of average. --Arnould. --Abbott. --Phillips. 3. 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. 4. Any medial estimate or general statement derived from a comparison of diverse specific cases; a medium or usual size, quantity, quality, rate, etc ``The average of sensations.'' --Paley. 5. pl In the English corn trade the medial price of the several kinds of grain in the principal corn markets. {On an average}, taking the mean of unequal numbers or quantities. From Webster's Revised Unabridged Dictionary (1913) [web1913]: Average \Av"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. From Webster's Revised Unabridged Dictionary (1913) [web1913]: Average \Av"er*age\, v. t. [imp. & p. p. {Averaged} (?); p. pr & vb n. {Averaging}.] 1. To find the mean of when sums or quantities are unequal; to reduce to a mean 2. To divide among a number, according to a given proportion; as to average a loss 3. To do accomplish, get etc., on an average. From Webster's Revised Unabridged Dictionary (1913) [web1913]: Average \Av"er*age\, 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. From WordNet r 1.6 [wn]: average adj 1: (statistics) 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" [syn: {mean(a)}] 2: lacking special distinction, rank, or status; commonly encountered; "average people"; "the ordinary (or common) man in the street" [syn: {ordinary}] 3: 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" [syn: {fair}, {mediocre}, {middling}] 4: 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" [syn: {intermediate}, {medium}] 5: (statistics) relating to or constituting the most frequent value in a distribution; "the modal age at which American novelists reach their peak is 30" [syn: {modal(a)}] 6: (statistics) 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" [syn: {median(a)}] n : a statistic describing the location of a distribution: "it set the norm for American homes" [syn: {norm}] v 1: amount to or come to an average, without loss or gain; "The number of hours I work per work averages out to 40" [syn: {average out}] 2: achieve or reach on average; "He averaged a C" 3: compute the average of [syn: {average out}]
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