That is, when price takers make orders, they must accept the price offered by another investor. A price taker may be an individual or a (small) company. A price taker contrasts with a price maker, which makes orders of sufficient quantity to affect the market price. price taker.
(July 2013) In mathematics and statistics, the arithmetic mean (/ËÃ¦rÉªÎ¸ËmÉtÉªk ËmiËn/), or simply the mean or average when the context is clear, is the sum of a collection of numbers divided by the number of numbers in the collection. The collection is often a set of results of an experiment, or a set of results from a survey.
Full Definition of AVERAGE. 1. a: a single value (as a mean, mode, or median) that summarizes or represents the general significance of a set of unequal values b: mean 1b. 2. a: an estimation of or approximation to an arithmetic mean.verage, mean, median, norm mean something that represents a middle point. average is the quotient obtained by dividing the sum total of a set of figures by the number of figures.