- Technical Definition: The average is a statistical measure that represents the central tendency of a set of data. It is calculated by adding up all the values in a dataset and dividing the sum by the total number of values. The average is also known as the arithmetic mean.
- Operational Definition: In everyday language, the term "average" refers to a typical or representative value in a given context. It is commonly used to describe a value that is considered typical or normal within a set of data.
2. Fares:
- Technical Definition: Fares refer to the charges or fees paid by individuals for using transportation services, such as public transportation, airlines, or taxis. It includes the cost of a ticket or pass required to travel from one point to another.
- Operational Definition: In practical terms, fares are the monetary amounts paid by passengers or customers to avail transportation services. These charges may vary based on factors such as distance traveled, class of service, time of travel, or any applicable discounts or promotions. Fares contribute to the revenue generated by transportation providers.
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Answer:
1. Average:
- Technical Definition: The average is a statistical measure that represents the central tendency of a set of data. It is calculated by adding up all the values in a dataset and dividing the sum by the total number of values. The average is also known as the arithmetic mean.
- Operational Definition: In everyday language, the term "average" refers to a typical or representative value in a given context. It is commonly used to describe a value that is considered typical or normal within a set of data.
2. Fares:
- Technical Definition: Fares refer to the charges or fees paid by individuals for using transportation services, such as public transportation, airlines, or taxis. It includes the cost of a ticket or pass required to travel from one point to another.
- Operational Definition: In practical terms, fares are the monetary amounts paid by passengers or customers to avail transportation services. These charges may vary based on factors such as distance traveled, class of service, time of travel, or any applicable discounts or promotions. Fares contribute to the revenue generated by transportation providers.