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Industry > Chemical manufacturing > Value added (vs)
Education > Elementary & Secondary > Total Teachers
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Strength of correlation (R squared): 0.738 (this correlation is significant)
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| Variable: |
Industry > Chemical manufacturing > Value added |
Education > Elementary & Secondary > Total Teachers |
| Plot Display: |
Linear |
Linear |
| Definition: |
This measure of manufacturing activity is derived by subtracting the cost of materials, supplies, containers, fuel, purchased electricity, and contract work from the value of shipments (products manufactured plus receipts for services rendered). The result of this calculation is adjusted by the addition of value added by merchandising operations (i.e., the difference between the sales value and the cost of merchandise sold without further manufacture, processing, or assembly) plus the net change in finished goods and work-in-process between the beginning- and end-of-year inventories.
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The total number of full-time equivalent teachers in a state as defined by the CCD State Nonfiscal Survey.
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| Source: |
Annual Survey of Manufactures, 2004
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National Center for Educational Statistics
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| Correlations: |
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