Now that we know the arithmetic sequence, then it is easy to understand the arithmetic mean. Arithmetic Means. The terms in between the first and the last terms are called arithmetic means. Example 5: 5, 10, 15, 20, 25, 30, 35, 40; In this sequence 10, 15, 20, 25, 30, 35 are arithmetic means. Given Question. insert 4 arithmetic mean between 1/3 ...