Using the Following Information, Determine the Location Quotient for This

question 20

Multiple Choice

Using the following information, determine the location quotient for this industry. Percentage of employment in financial services industry within the local community: 15%, Percentage of employment in financial services industry for the entire U.S.: 4.4%.

• A) 0.3
• B) 3.4
• C) 10.6
• D) 19.4

---

Definitions:

Test Statistic

A value calculated from sample data during a hypothesis test. It is used to determine whether to reject the null hypothesis.

Acceptance Region

In hypothesis testing, this is the range of values for which the null hypothesis is not rejected.

Not Statistically Significant

A term indicating that the observed difference or relationship in data could have occurred by chance and does not provide strong evidence against the null hypothesis.

Test Statistic

A numerical value derived from sample data that measures the degree of conformity with a null hypothesis in statistical hypothesis testing.