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The symbol "x̄" represents the mean or average of a set of values in statistics. In Excel, you can calculate the mean using the AVERAGE function. To do this, input the range of cells containing the data you want to analyze. For example, using the formula =AVERAGE(A1:A10) will give you the mean of the values in cells A1 to A10. This function effectively returns the sum of the numbers divided by the count of those numbers, providing a quick way to calculate the average in any data set. Additionally, you can format the result to display it in a preferred way, making it easier to interpret. This basic functionality is essential for statistical analysis and data processing in Excel.