No, as the five images are coming from the same HDR image, there will be no statistical noise average. They are identical except for exposure.
Yes it is the definition of tonemaping. A lot of Gurus designed methods to do that (fattal, Mantiuk and many others)
I agree with Patdavid, but it does’nt apply here as your five or three images have different exposures and come from the very same HDR image.
The mean method is a very brutal method that is never used in measurement processing. At least extreme values are to be discarded.