Using Statistics to See How Various Personality Variables and Terms

question 65

Multiple Choice

Using statistics to see how various personality variables and terms cluster together is known as

• A) factor analysis.
• B) analysis of variance.
• C) statistical analysis.
• D) measurement analysis.

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Definitions:

Income

The sum of funds earned, often periodically, from employment or investment returns.

Demand Function

A mathematical equation that describes the relationship between the quantity of a good demanded and its price, along with other factors like income and price of related goods.

Consumer's Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.

Mead

A fermented beverage made from honey, water, and sometimes various fruits, spices, grains, or hops.