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The Excel symbol for the mean is represented by "x̄" (x-bar). The mean, or average, is calculated by summing all the values in a data set and then dividing by the number of values. In Excel, you can compute the mean using the AVERAGE function, which is written as =AVERAGE(range). The range can encompass multiple cells containing the data you want to average. The mean is a measure of central tendency and helps understand the overall distribution of data in analytics. When working with large data sets, Excel efficiently simplifies this calculation, allowing for quick analysis and interpretation of the data's average value.