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Strength of correlation (R squared): 0.688 (this correlation is potentially significant)
Outliers:
Texas
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X Axis |
Y Axis |
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| Variable: |
Economy > GSP > Compensation of Employees > Petroleum and coal products manufacturing |
Energy > Oil Consumption |
| Plot Display: |
Logarithmic (base 10) |
Linear |
| Definition: |
Petroleum and coal products manufacturing, 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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Petroleum Consumption (Barrels). This indicates how many barrels of petroleum were consumed in a given state in a given year. |
| 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, 2001 |
| Correlations: |
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