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Example: Correlation Part 1: Use Tools > Data Analysis Part 2: Use Insert Function f x

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:

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Example: Correlation Part 1: Use Tools > Data Analysis Part 2: Use Insert Function f x

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

  2. Example: Correlation The Excel File

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

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

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

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

  7. Example: Correlation The Excel File

  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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