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The mean, often represented as \( \bar{x} \) in Excel, is the average value of a dataset. To calculate it, use the AVERAGE function, which sums all the values in a range and divides by the count of those values. The formula syntax is AVERAGE(number1, [number2], ...), where number1 is required, and additional numbers are optional. For a range of cells, you can use AVERAGE(A1:A10) to find the mean of the values from A1 to A10. The mean is a key statistical measure used to evaluate data sets in various applications.