Average

{
  "id": "MLC-T-ECS-000124",
  "term": "Average",
  "field": "Economic statistics",
  "definitions": [
    "Quantity calculated by adding a set of numbers and dividing the resulting sum by the quantity of numbers summed.\n\nSee also mean.",
    "The number found by dividing the sum of all quantities by the total number of quantities."
  ],
  "see_also": [
    "Mean",
    "Median"
  ],
  "references": [
    "BLS Glossary",
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/average/"
}