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Pronunciation: av′ĕr-ij

Definition: A value that represents or summarizes the relevant features of a set of values; it is usually computed by a mathematical manipulation of the individual values in a set to equalize them and determine a mean.

[M.E. averays, loss from damage to ship or cargo, fr. It. avaris, fr. Ar. 'awariya, damaged goods, + damage]

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© Copyright 2018 Wolters Kluwer. All Rights Reserved. Review date: Sep 19, 2016.