average

noun

• 1a 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:the housing prices there are twice the national averageCompare with mean³ (sense 1 of the noun).
• an amount, standard, level, or rate regarded as usual or ordinary:the month’s snowfall is below average they take about thirty minutes on average

• 2the apportionment of financial liability resulting from loss of or damage to a ship or its cargo.
• reduction in the amount payable under an insurance policy, e.g., in respect of partial loss.

adjective

• constituting the result obtained by adding together several quantities and then dividing this total by the number of quantities:the average temperature in May was 64°F
• of the usual or ordinary standard, level, or quantity:a woman of average height
• having qualities that are seen as typical of a particular person or thing:the average teenager prefers comfort to high fashion
• mediocre; not very good:a very average director who made very average movies

verb

• [with object] achieve or amount to as an average rate or amount over a period of time:annual inflation averaged 2.4 percent
• calculate or estimate the average of (figures or measurements):their earnings, averaged out over the month, were only $62 a week
• [no object] (average out) result in an even distribution; even out:it is reasonable to hope that the results will average out
• [no object] (average out at/to) result in an average figure of:the cost should average out to about $6 per page