QR PROJECT 8 FINANCES

Must show calculations/formula for credit. Any answer given with no calculations/descriptions of how arrived at answers shown will result in no credit for that answer. If utilizing excel must state/describe your formulas used and your inputs

I strongly suggest you use excel for this project. The calculations are accomplished much simpler, quicker, and more accurate than doing the formulas by hand. The video embedded in your Canvas course provide a step by step process of how to go about it.

1. The following chart is data over an 8 month period that shows how much a company spent in advertising and the sales revenue for that month

MONTH	ADVERTISING $	SALES $
March	900	56000
April	2700	89200
May	3150	98500
June	1300	54000
July	3400	97000
Aug	1500	56000
Sept	2300	93000
Oct	2250	79000

a)What is the correlation coefficient? (round to 2 decimals) describe how you utilized excel to arrive at this number (recommended) or show the formula you utilized to arrive at this answer

b) Is it a positive or negative correlation?