Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Isabelle is working on her real estate analysis project. She is gathering data that would help her figure out trends in demand and supply in
Isabelle is working on her real estate analysis project. She is gathering data that would help her figure out trends in demand and supply in the residential housing sector in La Verne. She calculated the Location Quotient for various employment categories, as shown in the table below:
Employment industry | number of employees in La Verne | Number of employees in the USA |
Transportation | 11,000 | 15,000,000 |
Education | 11,000 | 13,000,000 |
Financial | 11,000 | 12,000,000 |
Health care | 7,000 | 17,000,000 |
The Location Quotient that Isabelle has calculated for the transportation sector equals:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started