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(CHAPTER 7) Ivan is working on his real estate analysis project. He is gathering data that would help him figure out trends in demand and

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(CHAPTER 7) Ivan is working on his real estate analysis project. He is gathering data that would help him figure out trends in demand and supply in the residential housing sector in Diamond Bar. He calculated the Location Quotient for various employment categories, as shown in the table below: Employment industry number of employees in Diamond Bar Number of employees in the USA Transportation 10,000 14,000,000 Education 10,000 15,000,000 Financial 11,000 10,000,000 Health care 5,000 14,000,000 The Location Quotient that Ivan calculated for the financial sector equals: (Round your answer to TWO decimal places, for example, 1.23)

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