We need to find the minimum average velocity of the water jet required to hold the 10 kg mass in place. The force due to the water jet must balance the weight of the mass.
The weight of the mass is:
\[
W = mg = 10 \, \text{kg} \times 10 \, \text{m/s}^2 = 100 \, \text{N}
\]
The force exerted by the water jet can be expressed as:
\[
F = \dot{m} v
\]
where \( \dot{m} \) is the mass flow rate and \( v \) is the velocity of the water jet. The mass flow rate \( \dot{m} \) is related to the density and the velocity of the jet by the equation:
\[
\dot{m} = \rho A v
\]
where \( \rho = 1000 \, \text{kg/m}^3 \) is the density of water and \( A \) is the cross-sectional area of the jet.
The area of the jet is given by:
\[
A = \pi r^2 = \pi \left( \frac{d}{2} \right)^2 = \pi \left( \frac{5 \, \text{cm}}{2} \right)^2 = \pi \times (0.025)^2 = 1.9635 \times 10^{-3} \, \text{m}^2
\]
Now, using \( F = W \), we can solve for the velocity \( v \):
\[
100 = \rho A v^2
\]
\[
100 = 1000 \times 1.9635 \times 10^{-3} \times v^2
\]
\[
v^2 = \frac{100}{1000 \times 1.9635 \times 10^{-3}} = 50.943
\]
\[
v = \sqrt{50.943} = 7.14 \, \text{m/s}
\]
Thus, the minimum average velocity required to hold the mass in place is:
\[
\boxed{7.14 \, \text{m/s}}
\]