AVERAGES Meaning and
Definition
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Averages, in the field of mathematics and statistics, refer to numerical values that indicate a typical or representative value within a set of numbers or data points. These values provide insights into the overall characteristics of a dataset, aiding in the analysis, comparison, and interpretation of information.
The most commonly used average is the arithmetic mean, obtained by summing all the values in a dataset and dividing by the total number of values. This value provides a balanced representation and is often used to depict the central tendency of a set.
Another frequently used average is the median, which identifies the middle value when the dataset is arranged in ascending or descending order. The median is suitable for describing datasets with outliers or skewed distributions, as it is less affected by extreme values than the mean.
The mode, on the other hand, represents the value that occurs most frequently in a dataset. It is particularly useful in data with categorical variables or where the emphasis lies on identifying the most common occurrence.
In addition to these three central tendencies, there are other averages such as the weighted mean, geometric mean, and harmonic mean, each having specific applications in different contexts. These various averages enable statisticians, researchers, and analysts to summarize data, make comparisons, identify trends, and draw meaningful conclusions in diverse fields like economics, sports, finance, and social sciences.
Top Common Misspellings for AVERAGES *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for AVERAGES
Etymology of AVERAGES
The word "averages" derives from the Late Latin term "averagium", which referred to a duty or toll collected at a seaport. This term, in turn, comes from the Arabic word "ʿawārija", meaning "damages". In the context of maritime law, "averages" initially denoted the proportional division of losses or expenses incurred during a sea voyage among the vessel's owner and cargo owners. Eventually, the term extended its meaning to include the mathematical concept of finding an average or mean value.
Idioms with the word AVERAGES
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the law of averages
The idiom "the law of averages" refers to the belief that over a period of time, different outcomes will balance out and become closer to the expected average. It suggests that in the long run, the probability of an event or result occurring will be based on its statistical likelihood.
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law of averages
The idiom "law of averages" refers to the idea that over time, events or outcomes will even out or become more predictable. It suggests that if something happens repeatedly or is observed enough times, it will eventually balance out.
Similar spelling words for AVERAGES
Conjugate verb Averages
CONDITIONAL
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