Factor Analysis Uses Three Steps in Arriving at a Solution

question 32

Multiple Choice

Factor analysis uses three steps in arriving at a solution.The first step is to

• A) develop a set of correlations between all combinations of variables
• B) sort the data by cases from lowest to highest
• C) determine the optimum number of factors to explain the variables
• D) rotate the factors

Comprehend the significance of p-values in indicating the probability of results occurring by chance.

Distinguish between descriptive and inferential statistics and their applications.

Appreciate the value of larger sample sizes and their influence on the reliability of study results.

Understand the relevance of confidence intervals in complementing p-value findings for more robust research insights.

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Definitions:

Promises

Commitments or assurances given by a person or organization to do something or to behave in a certain way.

Corporate Social Responsibility

The practice of companies taking responsibility for the impact of their activities on customers, employees, communities, and the environment, often going beyond legal requirements.

Governmental Oversight

The monitoring, regulation, and examination of actions, decisions, or policies of government agencies or officials by higher authorities or bodies.

Moral Lapses

Instances where individuals fail to act in accordance with their ethical principles or societal norms.