Factor Analysis Is a Statistical Technique That ___

question 58

Multiple Choice

Factor analysis is a statistical technique that ___.

• A) allows us to predict one factor from another
• B) creates a correlation matrix
• C) identifies variables that go together based on their correlations
• D) fits a straight line to data in a bivariate distribution

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Definitions:

Intangibility

A characteristic of services that means they cannot be seen, touched, or made tangible in the same way physical products can be.

Consumers

Individuals or groups who purchase products or services for personal use rather than for manufacturing or resale.

Evaluate

The act of judging the value or condition of something in a careful and thoughtful way, typically for decision-making purposes.

Intangibility

A characteristic of services that cannot be physically touched or seen before the purchase decision, making them difficult to evaluate beforehand.