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Strength of correlation (R squared): 0.838 (this correlation is strong)
Outliers:
New York
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X Axis |
Y Axis |
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| Variable: |
Education > Postsecondary > Number Of Institutions > Private, Not For Profit |
Economy > GSP > Compensation of Employees > Educational services |
| Plot Display: |
Logarithmic (base 10) |
Logarithmic (base 10) |
| Definition: |
This is the count of private, not-for-profit, postsecondary institutions that are eligible for Title IV federal financial-aid programs and grant an associate's or higher degree. For an institution to be eligible to participate in Title IV financial-aid programs it must offer a program of at least 300 clock hours in length, have accreditation recognized by the U.S. Department of Education, have been in business for at least 2 years, and have signed a participation agreement with the Department. A private, not-for-profit, institution is one in which the individual(s) or agency in control receives no compensation, other than wages, rent, or other expenses for the assumption of risk. These include both independent not-for-profit schools and those affiliated with a religious organization. |
Educational 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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| 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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