The product development team at PiggyBank is wondering if there is a correlation between retail online sales and total retail sales. Use the Discussion Board to work with the peer/mentor group to calculate the correlation between online and total retail sales, and interpret the results. If your peers are struggling with the calculations, share examples and insights to help them along. Give two examples of correlation which are evaluated in a business environment and discuss the decision made by evaluating the correlation.
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
Go to http://www.census.gov/mrts/www/data/pdf/04Q2.pdf for Retail E-Commerce Sales, Fourth Quarter 2004 for the chart of retail and on-line sales for the past few years.
This question was answered on: Sep 16, 2020
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