What is another word for simple average?
Pronunciation: [sˈɪmpə͡l ˈavɹɪd͡ʒ] (IPA) 
Simple average is a common term used in statistics to refer to the mean of a dataset. However, there are various synonyms for this term that can be used depending on the context and intention. These include arithmetic mean, standard mean, ordinary mean, and statistical mean. Other alternatives for simple average include mathematical expectation, central tendency, balance point, point of symmetry, and midpoint. Different fields use different synonyms for the term depending on their preferred metric. For example, in finance, weighted average is often used to measure an asset's return. Despite the various synonyms, the concept underlying simple average remains the same - the value obtained by dividing the sum of a dataset by the number of items in the dataset.
