Correlation is an important step when we are considering improvement

 Correlation is an important step when we are considering improvement options. For this phase homework, use the data in the spreadsheet to address the question:
1. Is there a relationship between the cost of milk and the cost of beef?

  • State the null and alternative hypothesis
  • Run the appropriate tests in SigmaXL and interpret the results. Show all work (e.g. normality, scatter plot, correlation)
  • Submit an excel spreadsheet (with analyses) with a word document explaining the entire procedure you used on or before the due date. (3 Pages)

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