Is “Average” a Scrabble word?

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Yes
AVERAGE
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Valid

Meaning of Average

/ˈævəɹɪd͡ʒ/

noun
  1. 1.The arithmetic mean.

    The average of 10, 20 and 24 is (10 + 20 + 24)/3 = 18.

  2. 2.Any measure of central tendency, especially any mean, the median, or the mode.

  3. 3.(marine) Financial loss due to damage to transported goods; compensation for damage or loss.

verb
  1. 1.To compute the average of, especially the arithmetic mean.

    If you average 10, 20 and 24, you get 18.

  2. 2.Over a period of time or across members of a population, to have or generate a mean value of.

    I averaged 75% in my examinations this year.

  3. 3.To divide among a number, according to a given proportion.

    to average a loss

adjective
  1. 1.Constituting or relating to the average.

    The average age of the participants was 18.5.

  2. 2.Neither very good nor very bad; rated somewhere in the middle of all others in the same category.

    I soon found I was only an average chess player.

  3. 3.Typical.

    The average family will not need the more expensive features of this product.

Synonyms: av., ave., avg., expectation, mean, comme ci comme ça