Computer method, apparatus and programmed medium for more efficient database management using histograms with a bounded error selectivity estimation

A computer method, apparatus and programmed medium for optimizing the number of buckets, and thus minimizing the necessary amount of memory space, needed to construct a histogram of a data distribution contained within a computer database with a cumulative error bounded by a specified threshold. The method according to the present invention allows a user to determine the near-minimal memory space necessary to store an approximation of a database with a maximum error measure at most three times that specified by the user to allow the user to maximize computer resources.