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How to Calculate the Correlation Coefficient in Excel

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question 1 of 3

There is a correlation coefficient between bean bag sales and drunk driving citations (0.86). What does this mean?

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1. In order to use the CORREL function in Excel, what is needed?

2. If you don't see the Data Analysis option in the Data ribbon, what do you need to do?

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About This Quiz & Worksheet

Our helpful quiz/worksheet contains multiple-choice questions about calculating the correlation coefficient in Excel. When you access this quiz, you'll be asked what is needed to use and access the CORREL function in Excel.

Quiz & Worksheet Goals

The subjects covered here include:

  • What a correlation coefficient of .86 means
  • What is needed in order to use the CORREL function in Excel
  • What you need to do if you don't see the Data Analysis option in the Data ribbon
  • How to assess investments and sales correlation based on example data
  • How the CORREL function is accessed in Excel

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson about calculating the correlation coefficient in Excel
  • Knowledge application - use your knowledge to answer questions about what a correlation coefficient of .86 means
  • Interpreting information - verify that you can read information regarding how to access the CORREL function and interpret it correctly

Additional Learning

If you need more information about this subject, consider reviewing our short lesson called How to Calculate the Correlation Coefficient in Excel. Once you finish this lesson, you should be able to:

  • Explain the relationship between correlation and causation
  • Outline the values used to express correlation
  • Discuss what a negative correlation means
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