1. a number calculated by adding several figures together and dividing by the number of figures added

    • the average for the last three months or the last three months' average

    • sales average or average of sales

  2. the sharing of the cost of damage or loss of a ship between the insurers and the owners


equal to the average of a set of figures


to work out an average figure for something

"...a share with an average rating might yield 5 per cent and have a PER of about 10" [Investors Chronicle]

"...the average price per kilogram for this season to the end of April has been 300 cents" [Australian Financial Review]

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arithmetic mean
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