Dow Jones fig

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AVG.

Last seen on: Newsday.com Crossword – Jun 16 2019

Random information on the term “AVG”:

In colloquial language, an average is a single number taken as representative of a list of numbers. Different concepts of average are used in different contexts. Often “average” refers to the arithmetic mean, the sum of the numbers divided by how many numbers are being averaged. In statistics, mean, median, and mode are all known as measures of central tendency, and in colloquial usage any of these might be called an average value.

The most common type of average is the arithmetic mean. If n numbers are given, each number denoted by ai (where i = 1,2, …, n), the arithmetic mean is the sum of the as divided by n or

The arithmetic mean, often simply called the mean, of two numbers, such as 2 and 8, is obtained by finding a value A such that 2 + 8 = A + A. One may find that A = (2 + 8)/2 = 5. Switching the order of 2 and 8 to read 8 and 2 does not change the resulting value obtained for A. The mean 5 is not less than the minimum 2 nor greater than the maximum 8. If we increase the number of terms in the list to 2, 8, and 11, the arithmetic mean is found by solving for the value of A in the equation 2 + 8 + 11 = A + A + A. One finds that A = (2 + 8 + 11)/3 = 7.

AVG on Wikipedia