A Form of Statistical Analysis That Uses Correlation to Identify

question 3

Multiple Choice

A form of statistical analysis that uses correlation to identify redundancy in a newly constructed data collection instrument so that it can be eliminated or equivalent forms of the instrument can be developed is:

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

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Definitions:

Fixed Costs

Regular outgoings that stay the same whether production or sales rates increase or decrease, for instance, rental costs or salary payments.

Net Income

This refers to the total profit of a company after all expenses and taxes have been deducted from total revenue.

Variable Cost

Costs that vary in proportion to the volume of goods or services produced, such as materials and labor.

Fixed Costs

Definition: Business expenses that remain the same regardless of the level of production or sales.