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average3 [linking verb]
1 to usually do something or usually happen a particular number of times, or to usually be a particular size or amount : 
The water in the lake is not particularly deep, averaging about 12 metres.The airport averages about a thousand flights a month. Inflation averaged just under 2.8% per year.
The water in the lake is not particularly deep, averaging about 12 metres.The airport averages about a thousand flights a month.Inflation averaged just under 2.8% per year.2 to calculate the average of figures : The rate of growth was averaged over a period of three years.
The rate of growth was averaged over a period of three years.average out
phrasal verb1 if something averages out at a particular figure, it has that figure as an average over a period of time
average out at Training costs for last year averaged out at £5,100 per trainee. The government's share of the cost was intended to average out at 25%.
Training costs for last year averaged out at £5,100 per trainee.The government's share of the cost was intended to average out at 25%.2 to calculate the average of something : I averaged out the total increase at about 10%.
average something ↔ out
I averaged out the total increase at about 10%.