The null hypothesis proposes that no statistical significance exists in a set of given observations.

We need to select Input Range as our data with column heading.

An F-statistic greater than the critical value is equivalent to a p-value in excel less than alpha, and both mean that we reject the null hypothesis.

Hence, it is concluded that there is a significant difference between groups.

A positive correlation in excel indicates the extent to which those variables increase or decrease in parallel.

A negative correlation indicates the extent to which one variable increases as the other decreases.

We want to find out the relationship between both so that we can plan our budget accordingly and expect sales (set target considering other factors also).

Here we discuss the steps to load data Analysis Toolpak in Excel for tools like 1) Anova, 2) Correlation, 3) Rank and Percentile, 4) Descriptive Statistics along with practical examples, and a downloadable excel template.

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Mac Excel Data Analysis Toolpak