There is a thread under "General Math" about even and odd functions in which I addressed exactly this point!
https://www.physicsforums.com/showthread.php?t=373953
For any function f(x), we define its "even part" to be (f(x)+ f(-x))/2 and its "odd part" to be (f(x)- f(-x))/2. They are, of course, even and odd functions. The "2" in the denominator is so that their sum is (f(x)+ f(-x))/2+ (f(x)- f(-x))/2= (f(x)+ f(-x)+ f(x)- f(-x))/2= 2f(x)/2= f(x).
Cosh(x) and sinh(x) are the even and odd parts of e
x: with the "2" in the denominator, cosh(x)+ sinh(x)= e
x.
They are also, by the way, the "fundamental solutions" to the differential equation [itex]d^2y/dt^2= y[/itex]. That is, cosh(x) is the solution to that equation such that y(0)= 1 and y'(0)= 0 and sinh(x) is the solution such that y(0)= 0, y'(1)= 0. If y is a solution to that differential equation with y(0)= A, y'(0)= B, then y(x)= A cosh(x)+ B sinh(x)- the coefficients are just the value of y and its derivative at 0.
Of course, you need the "2" in the denominator to make d sinh/dx(0)= cosh(0)= (e
0+ e
-0)/2= (1+ 1)/2= 1.