Factor Analysis Is Usefully Employed When There Is a Need

question 26

True/False

Factor analysis is usefully employed when there is a need to determine the direction of causality between two or three variables.

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Definitions:

Statistical Tests

Mathematical procedures used in statistics to assess hypotheses or make inferences based on sample data.

Chance Fluctuation

Random variations or changes that occur without a specific cause or pattern, often used in statistical analysis.

Correlation Coefficients

Correlation coefficients are statistical measures that quantify the degree to which two variables are related or move together, indicating the strength and direction of their relationship.

Statistically Significant

A measure indicating that an observed effect is likely not due to chance alone.