Aggregation functions like sum, mean, and count take a list of numbers and return a single summary number. For example, sum adds all numbers, mean calculates the average, and count counts how many values are present. In the example, we start with a data column containing [10, 20, 30, 40]. Applying sum() gives 100, mean() gives 25.0, and count() gives 4. These results are stored in variables sum_val, mean_val, and count_val respectively. Each variable is calculated once and does not change afterward. Count counts only non-missing values, so if there were missing data, count would be less. These functions help quickly understand data by summarizing it.