Question
4. Given below is the Component Matrix which is a part of the output from SPSS after doing Factor Analysis. Component Matrixa Component 1 2
4. Given below is the Component Matrix which is a part of the output from SPSS after doing Factor Analysis. Component Matrixa Component 1 2 Age in years 0.790 0.213 Level of education 0.067 0.884 Years with current employer 0.863 -0.316 Household income in thousands 0.896 0.079 Debt to income ratio (x100) 0.056 -0.452 Extraction Method: Principal Component Analysis. a. 2 components extracted. Find the Eigenvalue corresponding to components 1
4. Given below is the Component Matrix which is a part of the output from SPSS after doing Factor Analysis. Component Matrixa Component 1 2 Age in years 0.790 0.213 Level of education 0.067 0.884 Years with current employer 0.863 -0.316 Household income in thousands 0.896 0.079 Debt to income ratio (x100) 0.056 -0.452 Extraction Method: Principal Component Analysis. a. 2 components extracted. Find the Eigenvalue corresponding to components 1 & 2? What percentage of the total variance is explained by components 1 & 2 together? (4 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
