An arithmetic mean return of selected stocks intended to represent the behavior of the market or some component of it. One good example is the widely quoted Dow Jones Industrial Average, which adds th [..]

The number obtained by dividing the sum of a set of numbers by the number of addends.

1770; see average (n.).

1769, from average (n.). Related: Averaged; averaging.

late 15c., "financial loss incurred through damage to goods in transit," from French avarie "damage to ship," and Italian avaria; a word from 12c. Mediterranean maritime trade (com [..]

An average is a measure used to find the location of the middle (central tendency) of a data set. • Mean, median and mode are all types of averages. • Often the word average refers to the mean.

See Marine Cargo Insurance

A number that represents the characteristics of a data set.

ordinary.

to calculate the middle amount among a group of numbers.

Same as arithmetic mean. In a very broad sense, any number lying between the extremes of a set of numbers. Compare Reynolds averaging, ensemble average, area average, mean, ergodic.

A stock market average is a mathematical way of reporting the composite change in prices of the stocks that the average includes. Each average is designed to reflect the general movement of the broad market or a certain segment of the market and often serves as a benchmark for the performance of individual stocks in its sphere. A true average adds [..]

in acoustics where dB levels are extensively used, average may not mean adding up the values and then dividing by the number of samples. See our discussion Calculations using the decibel and the other [..]

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& [..]

A sometimes vague term. It usually denotes the arithmetic mean, but it can also denote the median, the mode, the geometric mean, and weighted means, among other things.

A number that represents the characteristics of a data set, calculated by adding a group of numbers then dividing by the number of elements in that group.

Definition An arithmetic mean of a group of stocks designed to represent the overall market or some part of it, differing from an index in that it is not weighted. The Dow Jones Industrial Average is [..]

The average is the result of dividing the sum of two or more quantities by the number of quantities. Example: (a + b + c)/3 = the average. See also mean.

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median

In mathematics, there are numerous methods for calculating the average or central tendency of a list of numbers. The most common method, and the one generally referred to simply as the average, is the arithmetic mean. Please see the table of mathematical symbols for explanations of the symbols used.

A value to best represent a set of data. There are three type of average - the mean, the median and the mode.

The average is the total of all pieces added up and divided by the number of pieces. Scientists use the word average to explain entire systems. Even though there are a few pieces with very high number [..]

See Marine Cargo Insurance

[noun] In statistics, average commonly refers to the arithmetic mean, also called simply "mean," which is one measure of the mid-point of a dataset. See mean for more details. Appears in modules:

A single value (mean, median, mode) representing the typical, normal, or middle value of a set of data.

A number worked out by adding several quantities together and dividing the total by the number of quantities.

A student's grade average is calculated by adding up the final marks of his/her courses and dividing the total by the number of courses.

It is better to avoid this sometimes vague term. It usually refers to the (arithmetic) mean, but it can also signify the median, the mode, the geometric mean, and weighted means, among other things axiom

Apportionment of loss on an equitable basis.

Mean of some chosen stocks that are designed to represent market behavior or behavior of a component of the market. For example, Dow Jones Industrial Average.

A term used to describe typical or representative members of a group. In mathematical terms, it refers to the result obtained when a set of numbers is added together, then divided by the number of items in the set.

The term average can mean the usual, typical or ordinary level. Average can be a value which represents a broad sample of subjects. In mathematics, average refers to the median or mean of a series. In [..]

You might think about the simplest coding task in the world would be to compute the average of two positive integers, rounded The catch is as you can see from the program, some very simple code to com [..]

Also known as an index, it is the mathematical calculation that indicates the value of a group of securities. Some of the most famous averages include the Dow Jones Industrial Average (DJI), Standard & Poor's (S&P) 500, and the New York Stock Exchange Composite.

Life:

(n) a statistic describing the location of a distribution(n) (sports) the ratio of successful performances to opportunities(n) an intermediate scale value regarded as normal or usual(v) amount to or c [..]

The distribution of loss resulting from damage to a ship or cargo. Unless they could show otherwise, crews were held responsible for damage to the ship or its cargo and had the costs deducted from the [..]

In statistics, an average (or mean) of a set of data is a measure of the central tendency of the set. There are different statistical measurements that can be used to depict central tendency of the set. The My School website refers to an average as the middle of a set in two ways: In measuring student performance results in a NAPLAN test, the arith [..]

See Marine Cargo Insurance

In marine insurance: a loss or damage to or in respect of goods or equipment. The numerical result obtained by dividing the sum of two or more quantities by the number of quantities. See General Average.

A common marine insurance term. An early meaning (c.1500) of the word average is 'damage sustained at sea'. The root is found in Arabic as awar, in Italian as avaria and in French as avarie. [..]

Any partial loss or damage, due to insured perils.

In insurance, ’average’ has several meanings, depending upon the context in which the word is used. You are most likely to encounter this word when you suffer a property damage loss. If a policy is sa [..]

The loss of a ship or cargo caused by damage at sea.

In marine insurance: a loss or damage to or in respect of goods or equipment.

Any partial loss or damage due to insured perils.

‘Average’ has several meanings in the insurance industry.

A clause in insurance policies whereby, in the event of under-insurance, the claim paid out by the insurer is restricted to the same proportion of the loss as the sum insured under the policy bears to [..]

A condition in a non-marine property insurance that if the property value has been understated the insured’s claim is reduced proportionately to the understatement.

A marine partial loss. This can be particular average or general average (see below). AVERAGE CLAUSE

Where the sum insured for property is less than the cost of replacing the whole of that insured property as new, a condition of average will be applied. This means that the amount an insurer will pay in the event a claim occurring will be reduced in proportion to the amount of underinsurance.

A clause in non-marine insurance policies whereby in the event of under insurance the claim paid out by the insurer is restricted to the same proportion of the loss as the sum insured under the policy [..]

A partial loss. This can be particular average or general average (which see).

If the policy is subject to an Average clause, which is usually the case, and the Sum Insured is less than the total value of the property insured at the time of loss, the claim will be reduced in the [..]

Also known as co-insurance, a clause which allows an insurer to reduce the amount of an insurance claim, in proportion to the level of any under insurance.

Average motion is somewhere between twitchy and sloshy. It will be different for every craft based on its use. Some glide is good, and some ability to react quickly to an obstacle is good. Finding the [..]

The number found by dividing the sum of all quantities by the total number of quantities.

A number obtained by adding quantities or measurements and dividing the sum or total by the number of quantities or measurements. Also called the arithmetic mean.

the "middle" of a data set. For example, if your test scores are 75, 92, 90, 83, and 89, your average score is 85.8 [(75 + 92 + 90 + 83 + 89) / 5]. An average is also known as a mean [..]

See MEAN.

To determine a mean.

the mean (arithmetic average) score on one deal, or over one session, in a duplicate bridge contest

A statistic which describes some facet of a player's performance.  Examples are batting average, slugging average, earned run average, and fielding average.  Refer to the statistics page for the [..]

The average or mean can be calculated in a number of ways: A. The arithmetic average / mean consists of the sum of a series of quantities divided by the number of quantities. When the term average or [..]

The sum of n numbers divided by n.

The population weighted average of the column values. The average

in marine insurance it means a partial loss; in the event of a claim there are two types of average namely general average and particular average

An arithmetic mean return of selected stocks intended to represent the behavior of the market or some component of it. One good example is the widely quoted Dow Jones Industrial Average, which adds th [..]

In colloquial language, an average is a single number taken as representative of a list of numbers. Different concepts of average are used in different contexts. Often "average" refers to the arithmet [..]

In colloquial language, an average is a single number taken as representative of a list of numbers. Different concepts of average are used in different contexts. Often "average" refers to the arithmet [..]

A clause in an insurance contract which restricts the amount of a claim paid out by an insurer where the sum insured at the time of a loss is less than the insurable value of the insured item (i.e. is underinsured). The value of the claim will be reduced in proportion to the amount the item is underinsured, in order to reflect the underinsurance.