In statistics, what does the term 'mean' represent?

The term 'mean' in statistics refers to the average value of a dataset. To calculate the mean, you sum all the values in the dataset and then divide that sum by the number of values. This measure provides a central point around which the data values tend to cluster, and it’s commonly used to give a general idea of the dataset's overall performance or trend.

In contrast, other choices refer to different statistical concepts. The largest value in a dataset points to the maximum, not the mean. The most frequent value refers to the mode, which identifies the value that appears most often, while the difference between maximum and minimum values relates to the range of the dataset. Therefore, the mean stands out as the correct representation of the average value.