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In this video tutorial, Mr. J explains mixed numbers as a combination of a whole number and a proper fraction. Mixed numbers help represent values between whole numbers. Using the example of 1 and 4/5, he illustrates how to model and place mixed numbers on a number line to better understand their representation. The mixed number 1 and 4/5 falls between 1 and 2, exemplifying the concept of mixed numbers as a whole number plus a proper fraction.