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A company wants to investigate the relationship between the number of employees and the revenue generated. They collect data on 10 departments and record the

A company wants to investigate the relationship between the number of employees and the revenue generated. They collect data on 10 departments and record the number of employees and revenue for each department. The data is shown in the table below:

DepartmentNumber of EmployeesRevenue (in thousands of dollars)
11015
21520
32030
42535
53040
63550
74060
84570
95080
105590

Perform a factor analysis on this data and interpret the results. Assume a significance level of 0.05.

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The detailed answer for the above question is provided below To perform a factor analysis we first need to standardize the data We calculate the zscor... blur-text-image

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