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Strength of correlation (R squared): 0.950 (this correlation is very strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Education > Postsecondary > Degrees Awarded > Bachelors |
Economy > GSP > Real GSP > Hospitals and nursing and residential care facilities |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| Definition: |
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. |
Hospitals and nursing and residential care facilities, Real GSP (chained 2000 dollars) GSP, or Gross State Product is the value of all the goods and services produced in a state. Specific industries measured will give the value of all goods and services in that industry. The Nominal Gross State Product measures the value of all the goods and services produced expressed in current prices. On the other hand, Real Gross State Product measures the value of all the goods and services produced expressed in the prices of some base year.
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| Source: |
National Center for Educational Statistics |
U.S. Department of Commerce, Bureau of Economic Analysis, Regional Economic Analysis Division. Data for 2003.
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| Correlations: |
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