Purchase Solution

Correlation between retail online sales and total retail sales

Not what you're looking for?

Ask Custom Question

My product development team is wondering if there is a correlation between retail online sales and total retail sales. I must work with the peer/mentor group to calculate the correlation between online and total retail sales, and interpret the results. If my peers are struggling with the calculations, I should share examples and insights to help them along.

Then, give two examples of correlation which are evaluated in a business environment and discuss the decision made by evaluating the correlation.

Purchase this Solution
Purchase this Solution
Free BrainMass Quizzes
Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

View More Free Quizzes
Related BrainMass Solutions

  • correlation betn retail online sales and total retail sales

    94165 PiggyBank, correlation between retail online sales and total retail sales The product development team at PiggyBank is wondering if there is a correlation between retail online sales and total retail sales.

  • Product Development Correlation

    30371 Statistics The product development team at Piggybank is wondering if there is a correlation between retail online sales and total retail sales.

  • correlation between online and total retail sales

    89916 Correlation between online and total retail sales The product development team at PiggyBank is wondering if there is a correlation between retail online sales and total retail sales.

  • Correlation: Calculate and interpret the correlation between variables.

    The product development team at Piggybank is wondering if there is a correlation between retail online sales and total retail sales, so calculate the correlation between online and total retail sales, and interpret the results.

  • Relationship Between Retail Sales and Advertising Dollars

    R-squared= 0.954886913 This means that 95% of the total variation in retail sales can be explained by the linear relationship between sales and advertisement.

  • Reid Sanders Case Study: Linear Regression Analysis

    The following data were collected on the study of the relationship between a company's retail sales and advertising dollars: Retail Sales ($) Advertising ($) 29,789 16,893 35,434 18,398 38,732 20,376 43,585 22,982 46,821 25,732 49,283 27,281 52,271 32,182

  • Multiple Regression and Correlation Analysis

    Consider the following correlation matrix. Which single variable has the strongest correlation with the dependent variable? The correlations between the independent variables outlets and income and between cars and outlets are fairly strong.

  • Correlation aand regression analysis of auto parts sales

    Consider the following correlation matrix. Which single variable has the strongest correlation with the dependent variable? The correlations between the independent variables outlets and income and between cars and outlets are fairly strong.

  • Update

    In fact, the large chains only accounted for just under 20% of total retail sales. For e-commerce, the large chains went from 32% to just under 20% of all electronic sales (Greenfield, 2013). Target Markets: Buying online is anonymous.

View More Related Solutions