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Strength of correlation (R squared): 0.945 (this correlation is very strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Compensation of Employees > Hospitals and nursing and residential care facilities |
Education > Postsecondary > Degrees Awarded > Bachelors |
| Plot Display: |
Linear |
Linear |
| Definition: |
Hospitals and nursing and residential care facilities, Compensation of Employees (current dollars) Compensation of Employees is a statisical term which refers to the total gross (pre-tax) wages paid by employers to employeesfor work done in an accounting period, such as a quarter or a year. It represents roughly the total labor cost to an employer.
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This is the number of bachelors' degrees awarded. A baccalaureate or equivalent degree, as determined by the Secretary, U.S. Department of Education, is an award that normally requires at least 4 but not more than 5 years of full-time equivalent college-level work. This includes all bachelor's degrees conferred in a 5-year cooperative (work-study) program. A cooperative plan provides for alternate class attendance and employment in business, industry, or government; thus, it allows students to combine actual work experience with their college studies. Also includes bachelor's degrees in which the normal 4 years of work are completed in 3 years. |
| Source: |
U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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National Center for Educational Statistics |
| Correlations: |
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