average

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Related to Central Tendency: standard deviation, measures of dispersion

average

(Midmost), adjective center, centermost, mean, mean proportioned, medial, median, mediate, medium, mid, middle, middle class, middle grade, middlemost, middling
Associated concepts: average annual earnings or wages, avvrage capital, average charges, average daily attendance, average daily balance, average daily wage, average price, average speed, average value, average weekly wage, gennral average, gross average, income averaging, particular average, petty average, simple average

average

(Standard), adjective common, conventional, fair, mediocre, moderate, normal, ordinary, passable, prosaic, stock, typical, unnoteworthy, usual
Associated concepts: average man, average person, average quality
See also: conventional, cross section, customary, general, imperfect, intermediate, marginal, mediocre, mediocrity, mundane, nondescript, norm, normal, ordinary, regular, typical, usual

AVERAGE. A term used in commerce to signify a contribution made by the owners of the ship, freight and goods, on board, in proportion to their respective interests, towards any particular loss or expense sustained for the general safety of the ship and cargo; to the end that the particular loser may not be a greater sufferer than the owner of the ship and the other owners of goods on board. Marsh. Ins. B. 1, c. 12, s. 7; Code de Com. art. 397; 2 Hov. Supp. to Ves. jr. 407; Poth. Aver. art. Prel.
     2. Average is called general or gross average, because it falls generally upon the whole or gross amount of the ship, freight and cargo; and also to distinguish it from what is often though improperly termed particular average, but which in truth means a particular or partial, and not a general loss; or has no affinity to average properly so called. Besides these there are other small charges, called petty or accustomed averages; such as pilotage, towage, light-money, beaconage, anchorage, bridge toll, quarantine, river charges, signals, instructions, castle money, pier money, digging the ship out of the ice, and the like.
     3. A contribution upon general average can only be claimed in cases where, upon as much deliberate on and consultation between the captain and his officers as the occasion will admit of, it appears that the sacrifice at the time it was made, was absolutely and indispensably necessary for the preservation of the ship and cargo. To entitle the owner of the goods to an average contribution, the loss must evidently conduce to the preservation of the ship and the rest of the cargo; and it must appear that the ship and the rest of the cargo were in fact saved. Show. Ca. Parl. 20. See generally Code de Com. tit. 11 and 12; Park, Ins. c. 6; Marsh. Ins. B. 1, c. 12, s. 7 4 Mass. 548; 6 Mass. 125; 8 Mass. 467; 1 Caines' R. 196; 4 Dall. 459; 2 Binn. 547 4 Binn. 513; 2 Serg. & Rawle, 237, in note; 2 Serg. & Rawle, 229 3 Johns. Cas. 178; 1 Caines' R. 43; 2 Caines' R. 263; Id. 274; 8 Johns. R. 237, 2d edit 9 Johns. R. 9; 11 Johns. R 315 1 Caines' R. 573; 7 Johns R. 412; Wesk. Ins. tit. Average; 2 Barn. & Crest. 811 1 Rob. Adlm. Rep. 293; 2 New Rep. 378 18 Ves. 187; Lex. Mer. Armer. ch. 9; Bac Abr. Merchant, F; Vin. Abr. Contribution and' Average; Stev. on Av.; Ben. on Av.

References in periodicals archive ?
t] is the change in a measure of market-implied uncertainty from one day before to the day of a SEP release, AWCT is the change in the width of the central tendency from the last projection release, and [[epsilon].
To see how central tendency might be used for comparing tests, consider a 50-point test, which was administered diagnostically at the beginning of a course (called Pre) and also for achievement at the end (called Posttest), for which the means turned out to be 14.
We also showed that both C3H/HeN and C3H/HeJ mice that underwent CA/CPR presented a significantly reduced central tendency, suggesting that an increased anxiety-like behavior might be induced by CA/CPR.
The first two measures of central tendency, the mean and the median, work well with data that represent some quantity, such as time expended and work units produced.
Perhaps the most obvious is that the central tendency of inflation has declined greatly over the past 30 years.
There are many different descriptive statistics that can be chosen as a measurement of the central tendency of the data items.
Through 190 or so pages, the tutor instructs her in data types, understanding numerical and categorical data, using histograms to simplify data, measures of central tendency and variability, standardization, probability, correlations and hypothesis tests.
If one looks only at the data shown on this graph, one might conclude (1) the data is too disparate and spread out to represent any central tendency, (2) the data may be gradually trending upward as size increases, (3) the trend line is wavy, and sometimes goes up and sometimes goes down, and/or (4) the sales are not similar enough to each other to represent any trend at all.
The constants and properties we observe and can so accurately measure and (sometimes) predict are the result of the central tendency of an astronomical number of quanta.
The most common method of analyzing RT data is to report a central tendency parameter (e.
Rather, it continues to release the forecast information as a range of forecasts, both the full range between the high and the low and a central tendency that omits the extreme values.

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