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Correlations > Industry Statistics > Computer & electronic product manufacturing > Total cost of materials

VIEW DATA:   Totals   Per $ GDP  
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Showing latest available data.

Correlations between Industry > Computer & electronic product manufacturing > Total cost of materials ...

Variable Strength
...and  Industry > Computer & electronic product manufacturing > Total value of shipments 88% [plot | correlate | graph]
...and  Education > Elementary & Secondary > LEP/ELL Students 82% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students- Hispanic 76% [plot | correlate | graph]
...and  People > Total Hispanic Population 74% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Computer and electronic product manufacturing 74% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Hospitals and nursing and residential care facilities 71% [plot | correlate | graph]
...and  Education > Postsecondary > Total Fall Enrollment > Hispanic 71% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Free Lunch Eligible 68% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Computer and electronic product manufacturing 68% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Computer and electronic product manufacturing 68% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Value added 67% [plot | correlate | graph]
...and  Education > Elementary & Secondary > First Grade Students 66% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Food services and drinking places 66% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Second Grade Students 66% [plot | correlate | graph]
...and  Economy > GSP > Compensation of Employees > Funds, trusts, and other financial vehicles 65% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Non-Instructional Expend.- Subtotal 65% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Kindergarten Students 65% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Staff 65% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Annual payroll 65% [plot | correlate | graph]
...and  Health > Number of Births 65% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Production workers wages 64% [plot | correlate | graph]
...and  Military > Total Navy Recruits 64% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Fourth Grade Students 64% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Students 64% [plot | correlate | graph]
...and  Education > Postsecondary > Degrees Awarded > Hispanic 64% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Retail trade 64% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Reduced-price Lunch Eligible 64% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Number of Schools 64% [plot | correlate | graph]
...and  Labor > Computer & electronic product manufacturing > Number of employees 64% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Third Grade Students 64% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Rental and leasing services and lessors of intangible assets 63% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Rental and leasing services and lessors of intangible assets 63% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Fifth Grade Students 63% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Total Teachers 63% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Rental and leasing services and lessors of intangible assets 63% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Ninth Grade Students 63% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Sixth Grade Students 62% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Securities, commodity contracts, investments 62% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Eleventh Grade Students 62% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Other services, except government 62% [plot | correlate | graph]
...and  Industry > Computer & electronic product manufacturing > Total capital expenditures 62% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Eighth Grade Students 62% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Seventh Grade Students 62% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Tenth Grade Students 62% [plot | correlate | graph]
...and  Economy > GSP > Nominal GSP > Food services and drinking places 62% [plot | correlate | graph]
...and  Economy > GSP > Real GSP > Food services and drinking places 62% [plot | correlate | graph]
...and  Education > Elementary & Secondary Finance > Federal Revenue- Subtotal 62% [plot | correlate | graph]
...and  Labor > Computer & electronic product manufacturing > Production workers hours 62% [plot | correlate | graph]
...and  Education > Elementary & Secondary > Twelfth Grade Students 61% [plot | correlate | graph]
...and  Economy > GSP > Gross Operating Surplus > Wholesale trade 61% [plot | correlate | graph]
Average: 66%

About Correlations:

A correlation is a statistical measure of similarity between at least two given sets of data. StateMaster's correlations compare two variables from our database and reveal statistical relationships between them. The percentages you see represent the strength (or likelihood) that a change in the topic variable is matched by a change in the listed variables below it. But remember: These correlations do not imply causation, that is, one does not necessarily cause the other. Also, not all variables contain all states, rather subsets of states matched together.

VIEW FOR THIS VARIABLE:

NOTES:

  • Outliers have been removed only where they are outside 3 standard deviations of the mean.
  • Only variable pairs where at least 15 states match for each have been considered.
  • Strength is given by the correlation coefficient (R squared). It is the fraction of variation in Y that can be attributed to the variation in X. 100% signifies a perfect fit (R squared of 1). The top 50 such stats are displayed



DEFINITION: This term refers to direct charges actually paid or payable for items consumed or put into production during the year, including freight charges and other direct charges incurred by the establishment in acquiring these materials. It includes the cost of materials or fuel consumed, whether purchased by the individual establishment from other companies, transferred to it from other establishments of the same company, or withdrawn from inventory during the year.

SOURCE: Annual Survey of Manufactures, 2004

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