Excel for Microsoft 365 offers several new pre-defined charts, including the histogram chart. This pre-defined chart makes possible to create different types of histogram charts with little effort.
There are several ways to create a histogram chart in Excel. By the moment, Excel uses two different algorithms to calculate the data for a histogram chart:
Histograms show the distribution of numeric data, and there are several different ways how to create a histogram chart. Distributions of non-numeric data, e.g., ordered categorical data, look similar to Excel histograms. However, you cannot use Excel histogram tools and need to reorder the categories and compute frequencies to build such charts.
A histogram chart is often confused with a bar chart because it displays data using bars of different heights. The 'true' histogram chart shows the distribution of numerical data. Each bar of the histogram represents the count of data values within the specified range. See more about different types of histogram charts in Excel.
Conditional formatting of Excel cells simplifies highlighting values by adding color scales, data bars, sparklines, and in-cell icons to the cell. The exact values of the highlighted cells are rarely meaningful and may even interfere with the perception of information. Custom cell format allows hiding values of such cells without hiding the cells.
Because of different standards of different countries and cultures, there is a lot of situations when you need to change commas to dots, decimal points or dots, decimal points to commas in an Excel spreadsheet:
After recent updates, the ribbon in Microsoft Excel can take up to 1/3 of the available screen space. Microsoft Office help tells that you can hide or unhide your ribbon, but you cannot reduce the size of your ribbon or the size of the text or the icons. False! You can change the mode, remove unnecessary white space around buttons and, thus, reduce the ribbon size.
Excel offers a lot of different tricks to create great informative charts and diagrams. A lot of the useful adjustments related to the axis. E.g., you can hide an axis, use primary and secondary axis, change the presentation of data on the axis, etc.
When you work with digits, it's crucial how you round them. It doesn't depend on what exactly you are rounding - decimals, thousands, or millions. You can see very different amounts after summing the figures, rounded in different ways:
For the analysis of the investment portfolio, it is helpful to see the unrealized gain or loss. These amounts show how many you will receive or lose if you realize all available stocks right now. Sure, there are some fees for the operations that can decrease gain or increase loss, but, at least, you want to see the least approximate amounts: