average item value

USAGE SUMMARY

The phrase "average item value" is correct and usable in written English.
It can be used in contexts related to finance, e-commerce, or inventory management to refer to the mean value of items sold or available. Example: "To improve our sales strategy, we need to analyze the average item value of our products over the last quarter."

✓ Grammatically correct

Science

News & Media

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

In accordance with the users guide [ 12], if the number of missing items was less than or equalled 2 in a subscale they were substituted by the average item value for that subscale.

BMC Musculoskeletal Disorders

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

Also, the average item discrimination values (D) for the Q1 questions were greater than 0.3 for all protocol modes in both the majors' and nonmajors' courses (Table 5).

CBE Life Sciences Education

The average item discrimination values for Q1 questions were then calculated for each protocol mode in the majors' and nonmajors' courses.

CBE Life Sciences Education

For example, for item N1, the average item score climbs consistently as the total subscale score increases, approaching a maximum value of six out of the seven options.

BMC Psychiatry

Missing values on the CSI (8%) were replaced with average item scores for respondents who answered at least 9 of the 14 items.

BMC Health Services Research

Missing data at each assessment were imputed as the average of the valid item values.

Diabetic Medicine

Missing data at each follow-up assessment were imputed as the average of the valid item values.

Diabetic Medicine

Item-consensus (IC) is the average consensus value between an item and members of a consensus cluster, so that there are multiple IC values for an item at a k corresponding to the k clusters.

Bioinformatics

Listia has been testing the new dynamic since late July, and as a result, it says sellers have been listing 50percentt more items, with the average value of each item more than doubling.

TechCrunch

Data quality was assessed by mean, median, item response, missing values, floor and ceiling effects, internal consistency (Cronbach's alpha and average inter-item correlation), item-rest correlations.

BMC Medical Informatics and Decision Making

For each item, average values were obtained.

Critical Care

Expert writing Tips

Best practice

In financial reports, clearly define what "average item value" represents (e.g., cost, price, appraised value) to avoid ambiguity.

Common error

Avoid assuming that the "average item value" represents the value of every item. The average is a measure of central tendency and might not reflect the distribution or range of individual item values.

Linguistic Context

The phrase "average item value" functions as a descriptive term, quantifying the typical worth of a single item within a larger set. Ludwig AI confirms its usability in written English.

Expression frequency: Rare

Frequent in

Science

50%

News & Media

30%

Formal & Business

20%

Less common in

Academia

0%

Wiki

0%

Encyclopedias

0%

Ludwig's WRAP-UP

The phrase "average item value" is a grammatically sound and usable expression for describing the central tendency of item worth. While Ludwig identifies its usage as rare, it is applied across different domains, particularly in science, business and media. Key alternatives include "mean item value" and "typical item value". When using this phrase, it's important to define its context and be aware of its limitations as a measure of central tendency rather than an individual item's specific value.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

mean item value

Replaces "average" with "mean", both referring to the arithmetic mean, offering a direct synonym with no semantic shift.

typical item value

Substitutes "average" with "typical", suggesting a representative or common value, introducing a slightly broader sense.

average value per item

Reorders the words for clarity, maintaining the same meaning but altering the sentence structure.

average product value

Replaces "item" with "product", slightly broadening the scope to include various products, still closely related.

mean price per item

Focuses specifically on price, replacing "value" with a more specific financial term and "average" with its direct synonym.

average cost per item

Similar to 'mean price per item', but focuses on the cost, specifying another financial aspect while maintaining the core meaning.

average unit value

Replaces "item" with "unit", potentially applicable in contexts where the item is a standardized unit.

average worth of an item

Rephrases "value" as "worth", adding an element of appraisal or estimation, implying a broader context.

typical cost of a product

Combines typical with cost of product for generalized use

average valuation of an item

Changes value to valuation, focuses the attention on valuation process, usually formal.

FAQs

How do you calculate the "average item value"?

The average item value is calculated by summing the values of all items and dividing by the total number of items. This provides a central tendency measure of item worth.

What does "average item value" tell you?

The average item value provides insight into the typical worth of items in a set. It can be useful for comparing different sets of items or tracking changes over time. However, keep in mind that it does not represent the value of each individual item.

What are some alternatives to "average item value"?

You can use alternatives like "mean item value" or "typical item value" depending on the specific context. Each term has subtle differences in connotation.

How can "average item value" be used in business?

In business, "average item value" can be used to assess inventory value, track sales performance, and compare the profitability of different product lines. It is a key metric for understanding revenue and cost trends.