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Example: Correlation Part 1: Use Tools > Data Analysis Part 2: Use Insert Function f x Issue: The company wants to analyze the relationship between salary.

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Presentation on theme: "Example: Correlation Part 1: Use Tools > Data Analysis Part 2: Use Insert Function f x Issue: The company wants to analyze the relationship between salary."— Presentation transcript:

1 Example: Correlation Part 1: Use Tools > Data Analysis Part 2: Use Insert Function f x Issue: The company wants to analyze the relationship between salary and years with the company. Objective: Use in Excel to find the correlation between salary and years with the company. Use “Tools > Data Analysis” in Excel to find the correlation between salary and years with the company.

2 The Excel File Example: Correlation

3 First click on Tools, then Data Analysis and finally on Correlation. Example: Correlation.

4 Define ranges for Variables. Click on O.K. Example: Correlation

5 The Excel output shows the correlation between Sales and Years with Midwest. Example: Correlation

6 Example: Correlation Part 2: Use Insert Function f x Issue: The company wants to analyze the relationship between salary and years with the company. Objective: Use the in Excel to find the correlation between salary and years with the company. Use the Insert Function fx in Excel to find the correlation between salary and years with the company.

7 The Excel File Example: Correlation

8 Example: Correlation. First click on an empty cell, then Insert Function fx, then Statistical Function Category, then Correl. Click on OK

9 Example: Correlation Specify range for each variable. Click on OK.

10 Example: Correlation Excel shows correlation in cell that was active when Insert Function fx was selected.


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