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.
Wiktionary(0.00 / 0 votes)Rate this definition: 1  average(Noun) The arithmetic mean. The average of 10, 20 and 24 is (10 + 20 + 24)/3 = 18. 2  average(Noun) Any measure of central tendency, especially any mean, the median, or the mode (see Usage notes below).