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Strength of correlation (R squared): 0.302 (this correlation is weak)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Industry > Milk production |
Industry > Printing & related support activities > Value added |
| Plot Display: |
Linear |
Linear |
| Definition: |
Total milk production in million pounds. |
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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| Source: |
US Department of Agriculture |
Annual Survey of Manufactures, 2004
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| Correlations: |
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