A Form of Statistical Analysis That Uses Correlation to Form

question 5

Multiple Choice

A form of statistical analysis that uses correlation to form homogeneous groups of cases based upon there responses to several different questions is:

• A) factor analysis
• B) cluster analysis
• C) Multiple R
• D) factor rotation

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Definitions:

Mortgage

A legal agreement in which property is used as collateral for the repayment of a loan.

Right of Contribution

The right that allows a party who has paid more than their share of a joint obligation to recover the excess paid from other parties responsible for the obligation.

Cosureties

Parties who jointly agree to share the responsibility for someone else's obligation, typically in a surety bond or loan guarantee.

Surety

A person or entity that takes responsibility for another's performance of an undertaking, such as fulfilling a contract or making a payment.