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.
Definition: Average refers to the sum of numbers divided by n. Also called the mean average. Sums of data divided by the number of items in the data will give the mean average. The mean average is used quite regularly to determine final math marks over a term or semester. Averages are often used in sports: batting averages which means number of hits to number of times at bat. Gas mileage is determined by using averages. Also Known As: Central tendancy. A measure of the middle value of the data set.