What Is Principal Component Analysis

question 10

Multiple Choice

What is principal component analysis?

• A)The process in which factor analysis is linked to ANOVA
• B)The technique used to divide the factor scores by one another
• C)A method used for calculating the square of the sum of the correlation variable scores
• D)The procedure of converting possibly correlated variables into a set of linearly uncorrelated variables

Understand the relationship between sample size, degrees of freedom, and the shape of distributions.

Understand the concept of matched pairs experiments and their importance in statistical analysis.

Identify when to use Student's t-distribution for hypothesis testing.

Perform hypothesis tests and construct confidence intervals for population means and variances.

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Definitions:

Brazilian Shoes

Footwear produced in Brazil, potentially noting the industry's significance or distinctive styles.

Restricting Imports

Government policies aimed at reducing the number of goods and services that can be imported into a country to protect domestic industries.

Personal Income

the total earnings received by individuals from all sources before taxes, including wages, salaries, benefits, and investment income.

Labor Services

Work performed by individuals for wages or salary, especially in the context of the workforce contributing to economic output.