In Excel's Histogram tool, how are bins defined?


For discrete values, a column of these values is set up in the spreadsheet for the bin range and specified in the Bin Range field. For numerical data that have a many different discrete values with little repetition or are continuous, bins are defined by specifying
1 . the number of bins,
2 . the width of each bin, and
3 . the upper and lower limits of each bin.
It is important to remember that the bins may not overlap so that each value is counted in exactly one group.
The bins should be defined after examining the range of the data. Generally, between 5 to 15 bins should be chosen, and the range of each should be of equal width.

Business

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