What do the Categorize by and Aggregate by mean in the Kanban view settings?

What do the Categorize by and Aggregate by mean in the Kanban view settings?

I. The Categorize option allows you to segregate records into different groups for easy understanding. For example, categorizing deals by their stage or leads by their industry.
II. The Aggregate by option allows you to select any number field to view the aggregate value of the records. For example, the aggregate revenue or total cost per conversion. 

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