4. Observe: construct a histogram
Excel offers a graphical style that allows you to see the histogram relative to the simulated values. It's easy to use, but it can be useful to know how to construct a histogram from a series of data. The procedure is as follows:
find the "Min" and "Max" of the simulated series (Column A, for example): MIN(A:A), MAX(A:A) ;
determine the number of classes (n = number of simulated values): NB
Classes
= ENT(1 + LOG10( n ) * 10/3).
There are other ways of determining the number of classes in a histogram. This one, derived from Sturges' rule, is given as an example:
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Observe: construct a histogram