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Strength of correlation (R squared): 0.897 (this correlation is strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Compensation of Employees > Other professional, scientific and technical services |
Education > Elementary & Secondary Finance > Total Revenue from All Sources |
| Plot Display: |
Logarithmic (base 10) |
Linear |
| Definition: |
Other professional, scientific and technical services, 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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Sum of subtotals for Local Government, State Government, Intermediate Government Agencies, and Federal Government. Does not include other sources of revenue. These data are taken from the CCD National Public Education Financial survey. |
| 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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