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Strength of correlation (R squared): 0.941 (this correlation is very strong)
Outliers:
California
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X Axis |
Y Axis |
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| Variable: |
Industry > Total Manufacturing > Total capital expenditures |
Industry > Total Manufacturing > Total cost of materials |
| Plot Display: |
Linear |
Linear |
| Definition: |
Represents the total new and used capital expenditures reported by establishments in operation and any known plants under construction.
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This term refers to direct charges actually paid or payable for items consumed or put into production during the year, including freight charges and other direct charges incurred by the establishment in acquiring these materials. It includes the cost of materials or fuel consumed, whether purchased by the individual establishment from other companies, transferred to it from other establishments of the same company, or withdrawn from inventory during the year.
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| Source: |
Annual Survey of Manufactures, 2004
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Annual Survey of Manufactures, 2004
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| Correlations: |
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