The average value, also known as the arithmetic mean, of a set of values is a measure of central tendency that provides a single value representing the center of the distribution of those values.
### Definition
For a given set of \( n \) values \( x_1, x_2, x_3, \ldots, x_n \), the average value is the sum of these values divided by the number of values.
### Mathematical Expression
The mathematical expression for the average value \( \bar{x} \) is:
\[ \bar{x} = \frac{1}{n} \sum_{i=1}^{n} x_i \]
where:
- \( \bar{x} \) is the average value,
- \( n \) is the number of values in the set,
- \( x_i \) represents each individual value in the set,
- \( \sum_{i=1}^{n} x_i \) is the sum of all values in the set.
### Example
Consider a set of values: 4, 8, 15, 16, 23, 42.
1. Calculate the sum of the values:
\[ 4 + 8 + 15 + 16 + 23 + 42 = 108 \]
2. Count the number of values:
\[ n = 6 \]
3. Compute the average value:
\[ \bar{x} = \frac{108}{6} = 18 \]
So, the average value of this set is 18.