Final answer:
The Average tool is used to compute the average of a column of data, essential in organizing and summarizing data, known as descriptive statistics.
Step-by-step explanation:
The tool that can be used to compute the average (or mean) of a column of data is the Average tool. When working with data, it's important to know how to organize and summarize data, also known as descriptive statistics. Practically, in statistical software and on many graphing calculators, finding the mean is a basic function and is easily calculated along with other measures of central tendency like the median and mode. For instance, in a study where a grocery store calculates the average spending on produce from a sample of visits, the computed average expenditure is called the statistic. The Average tool is central for conducting further analyses and drawing insights from data sets.