If the Eigenvalue of the First Factor on a Factor

question 75

True/False

If the eigenvalue of the first factor on a factor analysis is 5.3,this could be interpreted that this first factor is doing the work of about 5.3 of the original variables.

---

Definitions:

Framing Effect

A cognitive bias where people react differently to a particular choice or decision depending on how it is presented to them.

Overconfidence

The condition of being excessively confident or assured in one’s ability, correctness, or reliability, often without sufficient reason.

Framing Effect

A cognitive bias where people react differently to a choice depending on how it is presented, or "framed," especially as a loss or gain.

Belief Perseverance

The psychological phenomenon where individuals maintain their convictions even when confronted with contrary evidence, showcasing the difficulty of changing deeply held beliefs.