Many sources consider William Playfair (1759-1824) to have invented the bar chart and the Exports and Imports of Scotland to and from different parts for one Year from Christmas 1780 to Christmas 1781 graph from his The Commercial and Political Atlas to be the first bar chart in history.

Sometimes it is said to be derived from the Greek histos ‘anything set upright’ (as the masts of a ship, the bar of a loom, or the vertical bars of a histogram); and gramma ‘drawing, record, writing’. It is also said that Karl Pearson, who introduced the term in 1895, derived the name from “historical diagram”.

The four conditions for a binomial setting are Binary, Independent, Number, and Same Probability or BINS. Remember your BINS for the AP Stats exam questions. Binary: The possible outcomes of each trial can be classified as a success or a failure.

A BIN Attack involves a fraudster taking the first six numbers of a card (the Bank Identification Number or BIN) and then using software to automatically generate the remaining numbers and test these combinations to see which card numbers are correct and if the cards are active.

Commonly used in Auctions, a Buy It Now is set at the sellers desired asking price. When a buyer makes an offer through the Buy It Now (BIN) the seller can accept that offer and the listing is considered sold to that buyer.

A bid price is a price offered by a buyer/bidder when he buys a good, usually referred to as simply the “bid”. BIN (BuyItNow) price is the Price at witch the item is sold imedialty. This means in theory if one buyer agrees to pay this price he is automatically the winner.

BIN: Standing for “buy it now,” this acronym is strictly online jargon unleashed when a beer geek offers a rare beer for sale on a private Facebook group or secret online forum.

Bins are numbers that represent the intervals into which you want to group the source data (input data). The intervals must be consecutive, non-overlapping and usually equal size.

On a worksheet, type the input data in one column, and the bin numbers in ascending order in another column. Click Data > Data Analysis > Histogram > OK. Under Input, select the input range (your data), then select the bin range.

This example teaches you how to create a histogram in Excel.

1. First, enter the bin numbers (upper levels) in the range C4:C8.
2. On the Data tab, in the Analysis group, click Data Analysis.
3. Select Histogram and click OK.
4. Select the range A2:A19.
5. Click in the Bin Range box and select the range C4:C8.

The ideal shape displays a single peak beginning at the “ground” on one side, reaching upward into a bell shape near the middle, and tapering down to the ground on the other side. An ideal histogram contains information from all channels everywhere, from the left to the right in the graph.