Average vs. Expectation
Averagenoun
(mathematics) The arithmetic mean.
Averagenoun
(statistics) Any measure of central tendency, especially any mean, the median, or the mode.
Averagenoun
Financial loss due to damage to transported goods; compensation for damage or loss.
Averagenoun
Customs duty or similar charge payable on transported goods.
Averagenoun
Proportional or equitable distribution of financial expense.
Averagenoun
(sports) An indication of a player's ability calculated from his scoring record, etc.
Averagenoun
In the corn trade, the medial price of the several kinds of grain in the principal corn markets.
Averagenoun
The service that a tenant owed his lord, to be done by the animals of the tenant, such as the transportation of wheat, turf, etc.
Averageadjective
(not comparable) Constituting or relating to the average.
Averageadjective
Neither very good nor very bad; rated somewhere in the middle of all others in the same category.
Averageadjective
Typical.
Averageadjective
(informal) Not outstanding, not good, banal; bad or poor.
Averageverb
(transitive) To compute the average of, especially the arithmetic mean.
Averageverb
(transitive) Over a period of time or across members of a population, to have or generate a mean value of.
Averageverb
(transitive) To divide among a number, according to a given proportion.
Averageverb
(intransitive) To be, generally or on average.
Averagenoun
That service which a tenant owed his lord, to be done by the work beasts of the tenant, as the carriage of wheat, turf, etc.
Averagenoun
A tariff or duty on goods, etc.
Averagenoun
A mean proportion, medial sum or quantity, made out of unequal sums or quantities; an arithmetical mean. Thus, if A loses 5 dollars, B 9, and C 16, the sum is 30, and the average 10.
Averagenoun
Any medial estimate or general statement derived from a comparison of diverse specific cases; a medium or usual size, quantity, quality, rate, etc.
Averagenoun
In the English corn trade, the medial price of the several kinds of grain in the principal corn markets.
Averageadjective
Pertaining to an average or mean; medial; containing a mean proportion; of a mean size, quality, ability, etc.; ordinary; usual; as, an average rate of profit; an average amount of rain; the average Englishman; beings of the average stamp.
Averageadjective
According to the laws of averages; as, the loss must be made good by average contribution.
Averageverb
To find the mean of, when sums or quantities are unequal; to reduce to a mean.
Averageverb
To divide among a number, according to a given proportion; as, to average a loss.
Averageverb
To do, accomplish, get, etc., on an average.
Averageverb
To form, or exist in, a mean or medial sum or quantity; to amount to, or to be, on an average; as, the losses of the owners will average twenty five dollars each; these spars average ten feet in length.
Averagenoun
a statistic describing the location of a distribution;
Averageverb
amount to or come to an average, without loss or gain;
Averageverb
achieve or reach on average;
Averageverb
compute the average of
Averageadjective
approximating the statistical norm or average or expected value;
Averageadjective
lacking special distinction, rank, or status; commonly encountered;
Averageadjective
of no exceptional quality or ability;
Averageadjective
around the middle of a scale of evaluation of physical measures;
Averageadjective
relating to or constituting the most frequent value in a distribution;
Averageadjective
relating to or constituting the middle value of an ordered set of values (or the average of the middle two in an even-numbered set);
Averagenoun
a number expressing the central or typical value in a set of data, in particular the mode, median, or (most commonly) the mean, which is calculated by dividing the sum of the values in the set by their number
Averagenoun
an amount, standard, level, or rate regarded as usual or ordinary
Averagenoun
the apportionment of financial liability resulting from loss of or damage to a ship or its cargo.
Averagenoun
reduction in the amount payable under an insurance policy, e.g. in respect of partial loss.
Averageadjective
constituting the result obtained by adding together several amounts and then dividing this total by the number of amounts
Averageadjective
of the usual or ordinary amount, standard, level, or rate
Averageadjective
having qualities that are seen as typical of a particular person, group, or thing
Averageadjective
mediocre; not very good
Averageverb
amount to or achieve as an average rate or amount over a period of time; mean
Averageverb
calculate or estimate the average of
Averageverb
result in an even distribution; even out
Averageverb
result in an average figure of
Average
In colloquial language, an average is a single number taken as representative of a non-empty list of numbers. Different concepts of average are used in different contexts.
Expectationnoun
The act or state of expecting or looking forward to an event as about to happen.
Expectationnoun
That which is expected or looked for.
Expectationnoun
The prospect of the future; grounds upon which something excellent is expected to occur; prospect of anything good to come, especially of property or rank.
Expectationnoun
The value of any chance (as the prospect of prize or property) which depends upon some contingent event.
Expectationnoun
(statistics) The first moment; the long-run average value of a variable over many independent repetitions of an experiment.
Expectationnoun
(colloquial statistics) The arithmetic mean.
Expectationnoun
The leaving of a disease principally to the efforts of nature to effect a cure.
Expectationnoun
The act or state of expecting or looking forward to an event as about to happen.
Expectationnoun
That which is expected or looked for.
Expectationnoun
The prospect of the future; grounds upon which something excellent is expected to happen; prospect of anything good to come, esp. of property or rank.
Expectationnoun
The value of any chance (as the prospect of prize or property) which depends upon some contingent event. Expectations are computed for or against the occurrence of the event.
Expectationnoun
The leaving of the disease principally to the efforts of nature to effect a cure.
Expectationnoun
belief about (or mental picture of) the future
Expectationnoun
wishing with confidence of fulfillment
Expectationnoun
the feeling that something is about to happen
Expectationnoun
the sum of the values of a random variable divided by the number of values
