Mean value is a statistical term that refers to the average value in a set of data. This term can also be referred to as the arithmetic mean, which is the sum of all values in a dataset divided by the total number of values. Other synonyms for mean value include the central tendency, typical value, and midpoint. These terms all refer to the concept of finding the middle point of a dataset or distribution. However, it is important to note that there are also other measures of central tendency, such as the median (the middle value in a sorted dataset) and the mode (the value that appears most frequently).