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The symbol "x̄" (x bar) represents the mean or average of a set of data values in statistics. In Excel, you can calculate the mean using the AVERAGE function. By selecting a range of cells containing the data, you can easily determine the mean. The x̄ symbol is important in statistical analysis as it provides a quick reference to the average, helping to summarize large data sets. Understanding how to compute and use x̄ in Excel is essential for data analysis, allowing users to gain insights and draw conclusions from their data effectively.