The Percent of Variance Explained Is a Summary Measurement Indicating

question 6

True/False

The percent of variance explained is a summary measurement indicating how much of the total original variance of all the respondents is represented by the factor.

---

Definitions:

Standard Deviation

A metric that calculates how much a dataset's values deviate or spread out from the average.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, expressed at a certain confidence level.

Mean

The mean of a collection of numbers, found by summing up all values and then dividing by the total count of those values.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values.