One Rule of Thumb in Deciding on the Number of Factors

question 2

True/False

One rule of thumb in deciding on the number of factors to retain is to include all factors that explain at least 50 percent of the variance.

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Definitions:

Report Tool

A utility or feature within software applications that helps users generate formatted outputs of data, often used for analysis or presentation.

Report Wizard

A step-by-step guide or tool within software applications that simplifies the process of creating reports by prompting the user to answer a series of questions or make selections.

Blank Report

A report template without predefined formatting or data, allowing users to create a custom report from scratch.

Report Design

The process of organizing and formatting data in a structured report, including layout, data grouping, and presentation style, to facilitate information understanding and decision making.