Produce Statistical Output Report (Essay Sample)
For this final assignment, you will prepare a paper that proposes a statistical model that can be used to determine whether a particular geographical region can support a high-tech manufacturing firm. You must include a minimum of three independent variables but no more than five. You should use actual data, such as that which is available from the U.S. Census Bureau. Your primary hypothesis will test whether the region can support a high-tech manufacturing firm. You may add additional hypotheses as you deem necessary. Your paper should include the level of statistical rigor covered in the course. At a minimum, you must include descriptive statistics and inferential techniques.
Your final paper should have a high probability of acceptance by a peer-reviewed journal.
Support your assignment with at least six scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 12 – 15 pages, not including title and reference pages
Your submission should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.source..
Produce Statistical Output Report
Produce Statistical Output Report
Various aspects of physical geography or location factors often determine the appropriate site for installation of high tech manufacturing firms. Climate, land, labor, transport, communication, housing, and government interference are examples of such facets. Some of these factors vary from place to place. The purpose of this paper is to verify or falsify if Alabama can support high tech manufacturing firms. The main data available is courtesy of the US Census Bureau and also from the US Patent and Trademark Office. The data depicts the number of employees, location quotient, patent, total capital expenditures, specializations, and the number of establishments. The variables under consideration are the number of employees (labor), capital expenditure (total cost or amount that the region charges for investment), total patents issued and the number of establishments (branches of the main firm or agglomeration). A multi-linear regression is used to show the relationship of these variables to each other and to the yield of the equation.
Keywords: High tech manufacturing firms, economic census, firms, US Census Bureau, Smart Access, agglomeration, metropolitan, regression model, nonresponse, Greenfields, theorists, California, incentives, San Jose, Alabama, biotechnology, STEM (science, technology, engineering, and math), and micropolitan.
Over the last five decades, high tech manufacturing firms have significantly developed in the USA. The country’s economy has had to depend on technology for its growth. Basically, any good business runs on the internet in the modern world today. The US economy (the world economic powerhouse) comprises of service, manufacturing and agricultural sectors. The manufacturing sector has 18 industries that transform raw materials into goods for commercial and household use. These goods are often in mechanical, physical or chemical form. This sector uses power-driven machines and equipment. Based on the Bureau of Labor Statistics, 11.6% of US economic output as of 2018 was due to manufacturing. In fact, it led to the employment of 8.5% of the country’s workforce. The 12.75 manufacturing jobs pay 12% more than all other jobs with workers enjoying benefits and $40.79 per hour.
Among the 18 manufacturing industries, the high tech manufacturing firms, particularly, use technology to produce both personal and commercial computer products. They belong to the quaternary sector. A few examples to name are Compaq, Intel, and NEC. Notably, such companies are responsible for the production of elements that make computers run. These elements comprise of software, internet, fiber optics cables, medical instruments, biotechnology, electron tubes, motherboards, capacitors, etc. In addition, the firms produce all machinery used for the creation of the elements earlier mentioned. High tech manufacturing firms use manual labor and extensive laser engineering in forming, casting, molding and machining. Casting is applied when some parts of the industry use raw materials to make parts that would have otherwise been imported. Those imported from firms in other countries are often at a much low price. By definition, high tech manufacturing firms are driven by innovations and new technology. Therefore, these firms are highly dynamic since they create technology that is highly dependent on the modern world.
A geographical region that can support high tech manufacturing firms may have the following:
* High-quality leisure amenities e.g. nature parks, golf courses, recreational sites for stressed scientists during off-days.
* Ready labor i.e. to r...
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