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The mean, often represented as \( \bar{x} \), is a statistical measure that denotes the average of a set of values or data points. To calculate the mean in Excel, you can use the AVERAGE function, which sums up the selected numbers and divides by the count of those numbers. To enter this function, type `=AVERAGE(range)` into a cell, where "range" refers to the cells containing the data. After pressing Enter, Excel will display the mean value. Understanding this calculation is essential for data analysis, as it provides a measure of central tendency that helps summarize a dataset.