For Which of the Following Reasons Can Factor Analysis Be

question 5

Multiple Choice

For which of the following reasons can factor analysis be used?

• A) To identify underlying dimensions among a set of variables
• B) To identify a smaller set of variables to replace an original set for use in subsequent multivariate analysis
• C) To identify product preferences for a specific target market
• D) To group people into one or more categories of a nominal, dependent variable
• E) Both a and b

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Definitions:

Employers

Individuals or organizations that hire and pay for the services of workers or employees.

Tasks

Specific pieces of work or activities to be completed, often as part of a larger project or duty.

Gratuitous Agent

An agent who acts on behalf of another person (the principal) without expecting or receiving any form of compensation.

Consideration

Something of value exchanged between parties in a contract, making the agreement legally binding.