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To denote the mean in Excel, use "x̄" (x bar), which represents the average value of a dataset. The mean is calculated by adding all numerical values in a range and dividing by the count of values. In Excel, you can use the AVERAGE function to compute the mean. The formula is: AVERAGE(range), where "range" includes the cells with the numbers you want to average. This function automatically updates the mean if the data changes. For clearer presentation in reports, you can insert the x̄ symbol by using Symbol settings or typing the appropriate Unicode. The x̄ is essential in statistics for summarizing data effectively.