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Strength of correlation (R squared): 0.803 (this correlation is strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Education > Postsecondary > Number Of Institutions > Two Year |
Economy > GSP > Compensation of Employees > Nonmetallic mineral product manufacturing |
| Plot Display: |
Logarithmic (base 10) |
Logarithmic (base 10) |
| Definition: |
This is the count of two-year institutions that are eligible for Title IV federal financial-aid programs and grant a degree. For an institution 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 two-year institution offers programs of at least 2 but less than 4 years duration. These include occupational and vocational schools with programs of at least 1800 hours and academic institutions with programs of less than 4 years. These do not include bachelor�s degree-granting institutions where the baccalaureate program can be completed in 3 years |
Nonmetallic mineral product 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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| 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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