- mean
- The expected value of a random variable. Arithmetic average of a sample. Bloomberg Financial Dictionary
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▪ I. mean mean 1 [miːn] adjective [only before a noun]STATISTICS average:• Analysts' mean estimate is for earnings of 33 cents a share.
[m0] ▪ II. mean mean 2 nounthe mean STATISTICS the average:• The GDP of this state was 32% below the mean for the country as a whole.
ˌarithmetic ˈmean [uncountable] STATISTICSa simple average obtained by adding together a set of figures and dividing the result by the number of figures in the set:• The initial price represents the arithmetic mean of the share price on the 1st, 5th, and 6th November.
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Calculated by taking the sum of a set of values and then dividing that figure by the total number of values. Also known as the average.* * *
Ⅰ.mean UK US /miːn/ noun [S]► (also arithmetic mean) MEASURES the result you get by adding two or more amounts together and dividing the total by the number of amounts: »The mean of 5, 4, 10, and 15 is 8.5.
► a quality or way of doing something that is in the middle of two completely different qualities or ways of doing something: a mean between sth and sth »This description doesn't give enough information, and this one is too long – we need to find a mean between the two.
Ⅱ.mean UK US /miːn/ verb [T] (present participle meant, past tense and past participle meant)► to express or represent something such as an idea, thought, or fact: »What does this word mean?
mean sth by sth »What do you mean by 'rightsizing the department'?
► to have a particular result: »Lower costs mean lower prices.
mean (that) »Advances in electronics mean that the technology is already available.
mean doing sth »If we increased our workforce, that would mean finding larger premises.
Ⅲ.mean UK US /miːn/ adjective► MEASURES a mean number is the result you get by adding two or more amounts together and dividing the total by the number of amounts: »The mean weight of the crates is 76.4 kilos.
»The table above shows the mean price per dozen of large grade A eggs.
► unkind: be mean to sb »If she's ever mean to staff, she always apologizes afterwards.
► not generous: be mean with sth »My boss is well known for being mean with money.
Financial and business terms. 2012.