Average In mathematics, an average of a collection or group is a value that is most central, common, or typical in some sense, and represents its overall position. In mathematics, it most commonly refers to the arithmetic mean, but may also refer to other measures such as other types of mean, the median, or the mode.

The meaning of AVERAGE is a single value (such as a mean, mode, or median) that summarizes or represents the general significance of a set of unequal values. How to use average in a sentence. Did you know? Synonym Discussion of Average.

Illustrated definition of Average: A calculated central value of a set of numbers. To calculate it: add up all the numbers, then divide by how...

AVERAGE definition: 1. the result you get by adding two or more amounts together and dividing the total by the number…. Learn more.

Average Formula The average formula is also known as the arithmetic mean, which is the ratio of the sum of all given observations to the total number of observations. Thus, using the average formula, the arithmetic mean for any sample of data can be calculated. Let's learn about the average formula with a few examples in the end.

to do or have on the average: He averages seven hours of sleep a night. v.i. to have or show an average: to average as expected. Law average down, to purchase more of a security or commodity at a lower price to reduce the average cost of one's holdings. Law average out: to come out of a security or commodity transaction with a profit or without ...