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To customize a chart in Excel, click on the chart and then the plus sign to access elements such as title, axis titles, data labels, data table, error bars, gridlines, and legend. You can change the title, axis titles, and legend to provide more information to users. Data labels display values, the data table can show values in a table below the chart, and error bars indicate potential inaccuracies. Gridlines can be shown or hidden. Legend gives series information.