The equation m_n = σ(n_i * m_i) / σn_i defines the number average molecular weight, a critical concept in understanding molecular weight distribution in polymers. This formula represents the average molecular weight of a polymer sample, calculated by taking the sum of the products of the number of molecules of each molecular weight and their respective molecular weights, divided by the total number of molecules. It's essential for evaluating polydispersity, which reflects the distribution of molecular weights in a given sample and can affect the physical properties of materials.