What is the meaning of the word earned run average?

Looking for the meaning or definition of the word earned run average? Here are some definitions.

Noun
  1. (baseball) a statistic in baseball which equals the number of earned runs allowed per nine innings pitched.
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He won 21 and lost nine in that sensational 1968 season, while leading the league with an earned run average of 1.60 and in shutouts with nine.
Although he generally does quite well, many technical terms are unexplained, including marginal revenue and marginal cost, slugging average, and earned run average.
Whether by batting average, earned run average or wins and losses, baseball's numbers tell us who's hot and who's not.
So far in '07, Beckett's walks are down some, his home runs allowed are down a lot and so is his earned run average.
Foster compiled an earned run average of just over 1, walked only 12 batters all season and struck out 52 to earn the selection of Hometeam Magazine Player of the Year.
In Pac-12 statistics, Keudell ranks first in runners picked off, third in wins and fourth in both earned run average and innings pitched.

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