A histogram is a type of graph used for describing data as a frequency distribution as well as a visual representation of a binomial distribution. The question is how to make a histogram in Excel spreadsheet.

In other words, a histogram tells you the frequency of data relative to a specific range. By looking at a histogram, a person can easily determine how a set of data is distributed.

In a histogram, a column or bars represent different classes of a variable, and the area of each bar represents the frequency of observations in that class.

Exploring the data sets in a histogram is a good way to figure out the shape of a data set. This will enable a user to determine if, for example, a data set is bell-shaped or skewed to one end.

In this blog, we will look at it briefly. So let us discuss!

What is Histogram?

A histogram is a pictorial representation of data. To make sense of the data, the graph is divided into groups called bins. Each bin represents how many occurrences are included in that group.

Histograms are often used to track continuous variables over time, for example, to compare the number of times an event happens per unit of time.

Related Post: How to Compare Two Columns in Excel?

Making Histogram in Excel

You can use create a histogram in MS Excel 2016. But, if you are using an older version, below are two sections describing how to make one using Data Analysis ToolPak or with the help of a formula (i.e., the FREQUENCY function).

Now, suppose you have a dataset as shown above (containing marks/scores out of 100 for 40 students). Inserting a Histogram chart into an Excel spreadsheet is relatively easy.

• First, the data needs to be arranged in an ordered series of numbers that can be counted on to go up at some point. Now you have to select all whole data and clicked on the insert tab.

• In the Charts group, click on the drop-down menu at the top of the page and select ‘Insert New Chart’.

• Now you have to click on the histogram chart.

• A histogram will be created according to your data.

Customization of the Histogram Chart

By Category

You may want to use this option when you have a lot of information that needs to be condensed into a table or a list.

This could be helpful if you’re looking at accounting data and you need to see how much each customer owes, for instance – even if the customers are all different – it would help users determine what portion is owed by whom.

In our example, we’ve got the same information split up into different categories, but this option wouldn’t work as there’s not enough variety involved.

Automatic

When you select this option, whatever bins the Histogram chooses to use is automatically shown.

Bin Width

You can define the minimum and maximum numbers for binning your data. If I enter a minimum of 10 and a maximum of 60, it will create bins such as 10-20, 20-30, 30-40, up to a maximum of 60.

Number of Bins

Choose how many bins you want to create support and resistance levels for. Choose how wide each of your bins will be.

If you had 3 bins created with a bin width of 0.20, this would mean that the first level of support would be at 0.20, the second one would be at 0.40 and the third one would be at 0.60 (see settings image below).

We recommend using Support and Resistance instead of Stoploss and Takeprofit if you trade binary options because unlike those orders they aren’t tied to a specific price level.

Overflow Bins

This bin is useful if you would like the chart to show how many scores are either less than or equal to a certain value, greater than it but less than another value, and any score that falls between them.

For example, if I want to know how many students had a high school GPA of 3.0 or greater on a 4.0 scale, I would put 3.0 as the Bin Value – which tells Excel that all values above 3 will be shown in the graph.

Underflow Bin

Underflow Bin is a very convenient way to filter data based on our user’s requests. If I know that there were only 4 students who scored less than 40 out of the total score of 120, then I could input “40” into our Overflow Bin to view only the relevant information in one glance.

FAQs Related to the Topic

How to make a histogram easily?

Go to the Insert tab in the ribbon of the excel, then click on. That part right there is where you’ve just found the icon that you need.

And when it comes to histograms, all you need to do is select one of the pre-defined options for your data.

How many bins should a histogram have?

In order for bins to be effective, they have to be based on meaningful segments of data. Therefore, you should force your bins to coincide with whole numbers whenever possible in order to draw the most refined conclusions from your chart without having empty or duplicate groups cluttering up your chart.

Conclusion

Histograms were actually invented way back by Karl Pearson in 1901. It is one of the most useful charts that help you find the distribution of the data.

This chart is mainly used for understanding the frequency distribution of the data. It helps you understand the data better. It helps you understand the data better.

It helps you understand the data better. The first step is to make sure your data is organized correctly. The next step is to go to the ‘Insert’ tab, then the ‘Charts’ sub-tab, then ‘Column’ sub-tab, then ‘Histogram’.

Your excel program should now have a histogram chart that you can edit by clicking on the chart. We hope you enjoyed our article on how to make a histogram in Excel.

You can use this skill in future projects to help you analyze data and make better decisions. If you have any other questions or concerns about Excel, please tell us in the comment section.

For more information about Microsoft Excel visit our website.