What is this average called? I tried Googling it but couldn't find anything about it. It's something between an arithmetic mean and a geometric mean, by which I mean you iterate both averages for two numbers until they converge. To find that average of $a_0$ and $b_0$ you'd do this:
$$ a_{n+1} = \frac{a_{n} + b_{n}}{2}\\ b_{n+1} = \sqrt{a_{n} * b_{n}} $$
And repeat until the values converge. For instance with $a_{0}=1$ and $b_{0}=64$ it eventually converges towards around the value 18.1285.
Also is there a way to directly calculate that average in a non-iterative way?