Question: In a study of the relationship between household behavior and shopping behavior, data on the following lifestyle statements were obtained on a 7-point scale (1
In a study of the relationship between household behavior and shopping behavior, data on the following lifestyle statements were obtained on a 7-point scale (1 = disagree, 7 = agree):
V1 I would rather spend a quiet evening at home than go out to a party.
V2 I always check prices, even on small items.
V3 Magazines are more interesting than movies.
V4 I would not buy products advertised on billboards.
V5 I am a homebody.
V6 I save and cash coupons.
V7 Companies waste a lot of money advertising.
The data obtained from a pretest sample of 25 respondents are given in the following table:
a. Analyze this data using principal components analysis, using the varimax rotation procedure.
b. Interpret the factors extracted.
c. Calculate factor scores for each respondent.
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d. If surrogate variables were to be selected, which ones would you select?
e. Examine the model tit.
f. Analyze the data using common factor analysis, and answer questions b through e again.
v, 5 4 7 2 3 5 7 6 4 5 7 6-35 6 v, 3 6 6 3 1 7 5 5 2 6 4 1626 Vs 5 6 6 1 2 3 2 2 5 4 4 6272 6 6 5 5 2 4 6 43467253 3 vg 7 5 4 2 3 2 3 16322654 2 V. | 2 7 3 2 2 6 3 5 3362732 >| | 6 5 5 3 42-37663563 lo 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 2631366323 5432523575 42754-4-56 1742321244 5256632375 7242634656 2367523267 6789222222
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a They should use SPSS SAS or Minitab to analyze the data The value of KMO is greater than 05 and th... View full answer
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