as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
describe the steps used to calculate the mean in statistics
user
the process of calculating the mean in statistics involves the following steps:
1. sum the values of all individual data points.
2. divide the sum by the number of data points.
3. the resulting number is the mean or average value of the data set.
assistant