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average

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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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