The Goal of Factor Analysis Is to Determine If the Correlations

question 113

True/False

The goal of factor analysis is to determine if the correlations among a set of variables can be accounted for by one or more underlying dimensions,or factors.

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Liability Insurance

A type of insurance that protects an individual or business from the risk of being sued and held legally liable for something such as malpractice, injury, or negligence.

Step-Variable Cost

A cost that remains fixed for a certain level of production or activity, but jumps to a higher amount once a certain threshold is exceeded.

Helpline

A service providing information and support to people in need, typically available via telephone or the internet.

Volume

Refers to the quantity of an item produced or sold over a specific period of time.