1. If the location quotient (LQ) of employment in the furniture industry for Guilford county is greater than 1, it means that (a) There is a relative concentration of workers in the industry in the county compared to the state (NC). (b) The county's share of furniture employment mirrors the state's share in the industry. (c) The county's share of furniture employment is lower than that found in the state. (d) none of the above 2. When two variables are highly correlated, it implies that Pa) changes in one variable are caused by the other. 6 the two variables have a strong linear relationship. the relationship of the two variables can be shown as a circle. all of the above ubiesn 3. If, compared to the entire state (NC), Forsyth county shows a relative concentration of employment in the tobacco industry, then (a) the location quotient (LQ) of employment in the industry for the county is equal to (b) the location quotient (LQ) of employment in the industry for the county is less thar (c) the location quotient (LQ) of employment in the industry for the county is greater (d) none of the above 4. If a country's wealth is concentrated in 1% of its population, a) its Gini index value is close to 0.

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Can someone walk me through how to find this using excel? I am studying for my final and I am so lost on the first one. The PowerPoint from class is not helping either
1. If the location quotient (LQ) of employment in the furniture industry for Guilford county is
greater than 1, it means that
(a) There is a relative concentration of workers in the industry in the county compared to the
state (NC).
(b) The county's share of furniture employment mirrors the state's share in the industry.
(c) The county's share of furniture employment is lower than that found in the state.
(d) none of the above
2. When two variables are highly correlated, it implies that
Pa) changes in one variable are caused by the other.
6 the two variables have a strong linear relationship.
the relationship of the two variables can be shown as a circle.
(h all of the above
o) elsubiean
3. If, compared to the entire state (NC), Forsyth county shows a relative concentration of
employment in the tobacco industry, then
(a) the location quotient (LQ) of employment in the industry for the county is equal to 1.
(b) the location quotient (LQ) of employment in the industry for the county is less than 1.
(c) the location quotient (LQ) of employment in the industry for the county is greater than 1.
(d) none of the above
4. If a country's wealth is concentrated in 1% of its population,
(a) its Gini index value is close to 0.
Transcribed Image Text:1. If the location quotient (LQ) of employment in the furniture industry for Guilford county is greater than 1, it means that (a) There is a relative concentration of workers in the industry in the county compared to the state (NC). (b) The county's share of furniture employment mirrors the state's share in the industry. (c) The county's share of furniture employment is lower than that found in the state. (d) none of the above 2. When two variables are highly correlated, it implies that Pa) changes in one variable are caused by the other. 6 the two variables have a strong linear relationship. the relationship of the two variables can be shown as a circle. (h all of the above o) elsubiean 3. If, compared to the entire state (NC), Forsyth county shows a relative concentration of employment in the tobacco industry, then (a) the location quotient (LQ) of employment in the industry for the county is equal to 1. (b) the location quotient (LQ) of employment in the industry for the county is less than 1. (c) the location quotient (LQ) of employment in the industry for the county is greater than 1. (d) none of the above 4. If a country's wealth is concentrated in 1% of its population, (a) its Gini index value is close to 0.
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