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)