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)