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 ?
As this example clearly shows, there are times where the arithmetic average may not be the best measurement of central tendency to describe the data.
There are many different descriptive statistics that can be chosen as a measurement of the central tendency of the data items.
With just a bit more work, a central tendency of the data over time can be uncovered.
The arithmetic mean is a measure of central tendency produced by dividing the sum of the prices of all items by the total number of items.
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.
Following past practice, we will publish the central tendency and the range of the projections for each variable and each year.
Cohen takes an accessible, conversation approach when introducing the conceptual foundations and basic of statistic procedures, a practice he continues with material on frequency tables, graphs, distributions, measures of central tendency and variability, standardized scores and the normal distribution, hypothesis testing with one or two samples, internal estimation and the t distribution, the t test for two independent sample means, statistical power and effect size, linear correlation and regression, the matched t test, one-way independent ANOVA and two-way ANOVA, multiple regression and its connection to ANOVA, nonparametric statistics, chi-square tests and statistical tests for ordinal data.
The article gave examples of tasks used on the National Assessment of Educational Progress (NAEP) to assess students' understanding of measures of central tendency.
Whichever method is used, the value that is being predicted is called a measure of central tendency.
graphs, measures of central tendency, measures of dispersion and time series indexes.

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