The first 101 odd numbers are:
1, 3, 5, 7, ..., 201.
The sum of the first n odd numbers is given by the formula:
\[ S_n = n^2 \]
Thus, the sum of the first 101 odd numbers is:
\[ 101^2 = 10201 \]
The average is given by:
\[ \frac{\text{Sum of terms}}{\text{Number of terms}} \]
Substituting the values:
\[ \frac{10201}{101} = 100 \]
The average of the first 101 odd numbers is 100.