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:

Capital

Economic resources used in the production of goods and services, such as machinery, buildings, or tools.

Construction Crane

A type of machinery used on construction sites to lift and lower materials and to move them horizontally.

Savings Account

A deposit account held at a financial institution that provides principal security and a modest interest rate.

Entrepreneur

An individual who creates new business ventures, taking on financial risks in the hope of profit.