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Strength of correlation (R squared): 0.929 (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 > Insurance carriers and related activities |
Military > Cost of the Military |
| Plot Display: |
Logarithmic (base 10) |
Logarithmic (base 10) |
| Definition: |
Insurance carriers and related activities, 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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Cost of the Military. This data set indicates how much money leaves the state in terms of residents' individual income taxes to pay for military spending. In this case, the 'military' is simply defined as the function area (050) 'National Defense' in the federal budget. As such, it does not include other military-related items like financing weapons sales.
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| Source: |
U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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National Priorities Project Database, 2004
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| Correlations: |
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More correlations » |
More correlations » |