The spelling of "gross average" can be confusing, as it combines two words with different pronunciations. "Gross" is pronounced with a long "o" sound like "grohs" [ɡroʊs], while "average" is pronounced with a short "a" sound like "av-er-ij" [ˈævəɹɪdʒ]. The combination of these two words creates the phonetic spelling of "grohs-av-er-ij" [ɡroʊsˈævəɹɪdʒ]. "Gross average" is a term used in business to describe the total amount before any deductions or adjustments are made, divided by the number of items.
Gross average refers to a term commonly used in business, finance, and economics that denotes a measure of the overall or total average. It is typically used to analyze or assess financial data, statistics, or performance indicators, providing a comprehensive overview of a given situation or set of data points.
In the context of finance, gross average is often used to assess the overall profitability or financial performance of a company or investment. It takes into account all relevant factors contributing to the total revenue or income, without considering any deductions, expenses, or adjustments. It provides a broad perspective on the total value or amount, including all elements or components involved and remains unaffected by specific details such as taxes or costs.
The term can also be employed in other contexts, such as gross average in sports, which calculates the total or overall average performance of a team or player, typically considering all matches or games played within a specified period. This metric reflects the collective performance without focusing on specific details such as individual match scores or specific contributions.
In conclusion, gross average is a term used in various fields to describe the total or overall average, disregarding specific details, deductions, or adjustments. It provides a comprehensive analysis or assessment of data, allowing for a broader understanding of financial performance, profitability, or overall performance.
The average upon the gross or entire amount: by the gross, by the whole weight or bulk: in the gross, in the bulk; with all parts taken together.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The etymology of the term "gross average" can be understood by breaking it down into its constituent parts:
1. Gross: This term comes from the Old French word "gros" meaning "big" or "large". It originated from the Late Latin word "grossus" which had a similar meaning. Over time, it evolved to refer to something as being bulky, coarse, or substantial.
2. Average: This term is derived from the Middle English word "aver", which came from the Old French word "avere", meaning "share" or "due". This stemmed from the Late Latin word "adversus", which denoted a share of a joint expense.
When combined, "gross average" refers to the total or overall average of a quantity or value, without taking into account any deductions or adjustments. It is often used in finance and commerce to represent the general or total average in a given context.