I am doing a project to see how the increase in cost per 1000 effects the profit

I may suggest XY chart to analyze cost and profit changes. After entering costs and related profit the dots on the XY chart will give you an opinion. Also you may draw trend line on them.

hi

ok i will give it a shot...will need to research and attempt

however will this show the increase in cost per 1000 and its effect on profit????

I will get back to you and appreciate your help

Hi thanks that has worked.

The only issue I have now is what correlation coefficent to use.

I have right clicked on the trendline and format trendline and show the R-squared equation.

I have also used the 2 columns (costs and profit) and used a RSQ formulae

I have also used the Pearson's r formulae.

The question I have is what does each of them show for my data???? and which is more relevant to show as the cost increases the profit also increases or doesnt????? I wanted to use all three but not sure???

Please please help as your previous advice was perfect.

@ harpinder

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