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Average
- Mathematical Calculation:
- Average Speed: Calculated by dividing the total distance by the total time (e.g., 273 km ÷ 3 hours = 91 kph).
- Average Fuel Consumption: In the metric system, it is calculated by multiplying the amount of fuel in liters by 100 and dividing by the distance in kilometers (e.g., 31.38 liters × 100 ÷ 273 km = 11.49 liters/100 km). In the Imperial system, it is calculated by dividing the distance in miles by the amount of fuel in gallons (e.g., 173 miles ÷ 6.9 gallons = 25 mpg).
- Marine Insurance:
- Average (Marine Insurance): Refers to a partial loss or damage of marine property where compensation is paid in proportion to the amount insured, rather than for the total value.
This distinction is important as the term “average” is used differently in mathematical contexts and in marine insurance terminology.
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