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Please provide the excel formula calculations for the below: Studies have shown that the frequency with which shoppers browse Internet retailers is positively correlated to
Please provide the excel formula calculations for the below:
Studies have shown that the frequency with which shoppers browse Internet retailers is positively correlated to the frequency with which they actually make purchases. | |||||||||||||
The following data show respondents age and "How many minutes do you browse online retailers per year?" | |||||||||||||
Age (X) | Time (Y) | ||||||||||||
16 | 470 | ||||||||||||
17 | 319 | ||||||||||||
19 | 365 | ||||||||||||
22 | 387 | ||||||||||||
22 | 293 | ||||||||||||
22 | 509 | ||||||||||||
22 | 464 | ||||||||||||
28 | 274 | ||||||||||||
28 | 431 | ||||||||||||
28 | 462 | ||||||||||||
28 | 626 | ||||||||||||
30 | 383 | ||||||||||||
33 | 601 | ||||||||||||
34 | 598 | ||||||||||||
35 | 676 | ||||||||||||
35 | 571 | ||||||||||||
35 | 612 | ||||||||||||
36 | 749 | ||||||||||||
39 | 693 | ||||||||||||
39 | 505 | ||||||||||||
40 | 716 | ||||||||||||
42 | 603 | ||||||||||||
43 | 509 | ||||||||||||
44 | 575 | ||||||||||||
48 | 609 | ||||||||||||
50 | 557 | ||||||||||||
50 | 662 | ||||||||||||
51 | 760 | ||||||||||||
52 | 428 | ||||||||||||
54 | 616 | ||||||||||||
58 | 702 | ||||||||||||
59 | 775 | ||||||||||||
60 | 750 | ||||||||||||
10 | Compute the correlation between Age and Time using Data Analysis. Include the labels in the Input Range and check the Labels checkbox. | ||||||||||||
11 | Compute the correlation using the Excel function =CORREL. If answers for #10 and 11 do not agree, there is an error. | ||||||||||||
12 | The strength of the correlation motivates further examination. | ||||||||||||
a) Make a scatter plot linked to and near the data above, and with Age on the horizontal (X) axis. | |||||||||||||
b) Add to your chart | |||||||||||||
A meaningful title | |||||||||||||
Vertical axis label Time | |||||||||||||
Horizontal axis label Age | |||||||||||||
c) Complete the chart by adding Trendline and checking boxes | |||||||||||||
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