In Factor Analysis the Researcher Must Specify the Number of Factors

question 15

True/False

In factor analysis the researcher must specify the number of factors and which variables to load on the factor to allow the computer to generate factor loadings.

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Definitions:

Equilibrium Wage

The wage rate that balances the quantity of labor supplied and the quantity of labor demanded in a labor market.

Marginal Product

The additional output generated by employing one more unit of a specific factor of production, holding other factors constant.

Optimal Labor Employment

The ideal quantity of labor that a firm employs where the marginal cost of hiring an additional worker equals the marginal revenue product.

Power Drills

Electric tools designed for drilling holes or driving fasteners into various materials.