Imagine 12 results for average rainfall each month, then the average of all the months combined would give the average rainfall during that year.
A Mean is a type of average, but there are other kinds of averages too, Modes and Medians.
3 major stock INDEXES, not averages, Dow Jones Industrial Average (DJIA), NASDAQ, and S&P 500.
The average fee for use of an ATM varies as to which state one is in. The averages per state seem to range from $2.00 - $4.00.
The average interest rates on a loan depend on a large variety of factors. One factor is the purpose of the loan, a student loan averages 4% interest while a used car loan averages closer to 8%. Another factor is the term length of the loan, a 30 year mortgage loan averages 4.5% interest while a 15 year mortgage averages 6%. Also a factor in determining interest rates would be the borrower's credit rating. A person with a good rating might be able to obtain a 7% personal loan while a person with bad credit might average a 12% rate.
The national average for mortgage rates for those with bad credit is currently about 3%. Round Point Mortgage company currently has one of the lowest rates.
You can get the average of an average, but you would be averaging one number, so you would get the same result. You can get the average of a set of averages, though to make sense they will often need to be a weighted average of averages.
The grand average of the subgroup averages is calculated by taking the mean of all subgroup averages. This involves summing all the subgroup averages and then dividing by the number of subgroups. It provides a single representative value that reflects the overall average performance or characteristics of the entire set based on the individual subgroup averages. This approach is often used in statistical analysis to summarize data effectively.
Walks are not counted in figuring out Batting Averages. It's basically like you didn't take an at- bat for walks.
Average = Total/Count so Total = Average*Count.
It is also an average. It is usually a better measure of the average value of the characteristic that is being measured.
The term "average" can be both singular and plural depending on its usage in a sentence. When referring to a single average value, it takes a singular verb (e.g., "The average score is 75."). However, when discussing multiple averages or a range of values, it takes a plural verb (e.g., "The averages of the three trials are 10, 15, and 20.").
No, a sum of averages is NOT as accurate as the average of the whole. For example: A=avg (1,10) = 5.5 B=avg (1, 1, 1, 1, 1) = 1 avg(A,B) = 3.25 [Average of averages] avg(1,1,1,1,1,1,10) = 2.29 [The original data set]
He has many averages, but yes this is one of them.
The 3 major stock indexes (or averages); The Dow Jones Industrial (DJIA), NASDAQ, and the S&P 500 are designed to create a broad average of the stock market. These indexes take the averages of major companys and put them together. It is basically a generalization of how the majority of the stock market is going...
an average is the most frequent number (or result) in a set of data.
4.5mm
It averages 44 inches per year.