Basic and Average

noun

• A popular programming language that is relatively easy to learn; an acronym for beginner's all-purpose symbolic instruction code; no longer in general use.
• Usually plural. ( a necessary commodity for which demand is constant)
  • synonyms: staple

adjective

• Pertaining to or constituting a base or basis.
  • usage: "a basic fact"; "the basic ingredients"; "basic changes in public opinion occur because of changes in priorities"
• Reduced to the simplest and most significant form possible without loss of generality.
  • usage: "a basic story line"; "a canonical syllable pattern"
  • synonyms: canonic, canonical
• Serving as a base or starting point.
  • usage: "a basic course in Russian"; "basic training for raw recruits"; "a set of basic tools"; "an introductory art course"
  • synonyms: introductory
• Of or denoting or of the nature of or containing a base. .

• (a.) Relating to a base; performing the office of a base in a salt.
• (a.) Said of crystalline rocks which contain a relatively low percentage of silica, as basalt.
• (a.) Apparently alkaline, as certain normal salts which exhibit alkaline reactions with test paper.
• (a.) Having the base in excess or the amount of the base atomically greater than that of the acid or exceeding in proportion that of the related neutral salt.

• Name Meaning: Diminutive of Basil: Royal. Kingly. St Basil the Great was Bishop of Caesarea in the latter half of the 4th century. This name was introduced into Western Europe by the Crusaders. Derived from the same Greek word as the plant name basil
• Name Origin: Greek

noun

• A statistic describing the location of a distribution.
  • usage: "it set the norm for American homes"
  • synonyms: norm
• Sports) the ratio of successful performances to opportunities. (
• An intermediate scale value regarded as normal or usual.
  • usage: "he is about average in height"; "the snowfall this month is below average"

verb

• Amount to or come to an average, without loss or gain.
  • usage: "The number of hours I work per work averages out to 40"
  • synonyms: average out
• Achieve or reach on average.
  • usage: "He averaged a C"
• Compute the average of.
  • synonyms: average out

adjective

• Approximating the statistical norm or average or expected value.
  • usage: "the average income in New England is below that of the nation"; "of average height for his age"; "the mean annual rainfall"
  • synonyms: mean
• Lacking special distinction, rank, or status; commonly encountered.
  • usage: "average people"; "the ordinary (or common) man in the street"
  • synonyms: ordinary
• Lacking exceptional quality or ability.
  • usage: "a novel of average merit"; "only a fair performance of the sonata"; "in fair health"; "the caliber of the students has gone from mediocre to above average"; "the performance was middling at best"
  • synonyms: fair, mediocre, middling
• Around the middle of a scale of evaluation.
  • usage: "an orange of average size"; "intermediate capacity"; "medium bombers"
  • synonyms: intermediate, medium
• Relating to or constituting the most frequent value in a distribution.
  • usage: "the modal age at which American novelists reach their peak is 30"
  • synonyms: modal
• Relating to or constituting the middle value of an ordered set of values (or the average of the middle two in a set with an even number of values. )
  • usage: "the median value of 17, 20, and 36 is 20"; "the median income for the year was $15, 000"
  • synonyms: median

• (n.) A contribution to a loss or charge which has been imposed upon one of several for the general benefit; damage done by sea perils.
• (n.) That service which a tenant owed his lord, to be done by the work beasts of the tenant, as the carriage of wheat, turf, etc.
• (n.) The equitable and proportionate distribution of loss or expense among all interested.
• (n.) In the English corn trade, the medial price of the several kinds of grain in the principal corn markets.
• (a.) Pertaining to an average or mean; medial; containing a mean proportion; of a mean size, quality, ability, etc.; ordinary; usual; as, an average rate of profit; an average amount of rain; the average Englishman; beings of the average stamp.
• (a.) According to the laws of averages; as, the loss must be made good by average contribution.
• (v.t.) To find the mean of, when sums or quantities are unequal; to reduce to a mean.
• (n.) A tariff or duty on goods, etc.
• (n.) Any medial estimate or general statement derived from a comparison of diverse specific cases; a medium or usual size, quantity, quality, rate, etc.
• (v.t.) To divide among a number, according to a given proportion; as, to average a loss.
• (n.) A mean proportion, medial sum or quantity, made out of unequal sums or quantities; an arithmetical mean. Thus, if A loses 5 dollars, B 9, and C 16, the sum is 30, and the average 10.
• (v.i.) To form or exist in, a mean or medial sum or quantity; to amount to or to be, on an average; as, the losses of the owners will average twenty five dollars each; these spars average ten feet in length.
• (n.) Any charge in addition to the regular charge for freight of goods shipped.
• (v.t.) To do, accomplish, get, etc., on an average.

Average is a stock market average is a mathematical way of showing the price changes in representative stocks. It is designed to reflect the general movement of the broad market or a certain segment of the market. A true average adds the prices of the stocks it covers and divides that amount by the number of stocks. However, many averages are weighted, which means they count stocks with the highest prices or largest market capitalizations more heavily than they do others. That's to account for differences in their impact on the markets and on the economy in general. The most widely followed average is the price-weighted Dow Jones Industrial Average (DJIA), which measures the performance of 30 industrial stocks.