I installed the plugin through the Add New Plugins method.
I went to settings, clicked the box for Insert Tracking Code but it does not give me a place to paste the code.
Entered my GA numbers
For insert location, I tried both options.
Chose track administrator hits
However, when I go into my newly created GA account it still says "Tracking Not InstalledLast checked: Jul 6, 2012 2:57:53 PM PDT
The Google Analytics tracking code has not been detected on your website's home page. For Analytics to function, you or your web administrator must add the code to each page of your website."
Since I just signed up with GA, could it just be that there is a delay?