Correlation between retail online sales-total retail sales

Reference no: EM1395551

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.

Reference no: EM1395551

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