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The "mean" symbol, often represented as "x̄" (x-bar), is used in statistics to denote the average of a set of values. In Microsoft Excel, the mean can be calculated using the AVERAGE function. To find the mean of a range of numbers, users can input the formula AVERAGE(range), where "range" specifies the cell range containing the data. Excel will then return the average value. Understanding how to use this function is essential for data analysis, allowing users to quickly summarize and interpret data effectively.