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Description of a Histogram

On excel sheet below, descibe histogram for this data, also find the mean and median for this data.


Solution Preview

I made the histogram for the data in the histogram tab.

There are so many data points for this problem, so it is impossible to showcase each and everyone of them on a chart. That is the beauty of the histogram - you group the data categories of data. What excel did was take the data, and group it into chunks of 35.93$. This is the bin length. There is no set rule for the number of bins, but there is a mathematical formula that excel ...

Solution Summary

The solution provides a description of a histogram. The mean and median for the data is determined.