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Strength of correlation (R squared): 0.828 (this correlation is strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Compensation of Employees > Management of companies and enterprises |
Education > Public Libraries > Total Revenue |
| Plot Display: |
Logarithmic (base 10) |
Linear |
| Definition: |
Management of companies and enterprises, 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 sum of local government revenue, state government revenue, federal government revenue, and other operating revenue. |
| 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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