Based on the Following Information, Determine the Location Quotient for Music

question 32

Multiple Choice

Based on the following information, determine the location quotient for Music City and whether this city has a competitive advantage in the entertainment industry. Employment in Entertainment in Music City: 3,020; Total Employment in Music City: 656,785; Employment in Entertainment (nationally) : 2,160,970; Total Employment (nationally) : 106,201,232.

• A) 0.23; No, the city does not have a competitive advantage in this industry.
• B) 4.43; No, the city does not have a competitive advantage in the industry
• C) 0.23; Yes, the city has a competitive advantage in this industry
• D) 4.43; Yes, the city has a competitive advantage in this industry

---

Definitions:

Predictive Information Extraction

The use of algorithms and models to analyze historical data in order to make predictions about future trends, behaviors, or outcomes.

Absolute Value

Absolute value refers to the non-negative value of a number without regard to its sign; it's the distance of a number from zero on a number line.

Experiment

A method of testing hypotheses by deliberately manipulating variables in a controlled environment to observe and measure the effect on certain outcomes.

Data Mining

The practice of analyzing large sets of data to discover patterns, trends, and useful information.