Question: A case let and the output of exploratory factor analysis are given. On the basis of this case let and the output, answer the questions
- A case let and the output of exploratory factor analysis are given. On the basis of this case let and the output, answer the questions given below:
In January 2021, 303 MBA students were asked about their evaluations of and preferences for 10 different automobiles on several attributes. The students rated each car on the following 16 attributes.
| X1: Exciting | X2: Dependable | X3: Luxurious | X4: Outdoorsy |
| X5: Powerful | X6: Stylish | X7: Comfortable | X8: Rugged |
| X9: Fun | X10: Safe | X11: Performance | X12: Family |
| X13: Versatile | X14: Sports | X15: Status | X16: Practical |
Interpret the results given in Figure II.
Figure II: Communalities
| Initial | Extractio n | |
| X1 | 1.000 | .806 |
| X2 | 1.000 | .572 |
| X3 | 1.000 | .728 |
| X4 | 1.000 | .807 |
| X5 | 1.000 | .669 |
| X6 | 1.000 | .798 |
| X7 | 1.000 | .652 |
| X8 | 1.000 | .808 |
| X9 | 1.000 | .790 |
| X10 | 1.000 | .686 |
| X11 | 1.000 | .703 |
| X12 | 1.000 | .794 |
| X13 | 1.000 | .659 |
| X14 | 1.000 | .750 |
| X15 | 1.000 | .778 |
| X16 | 1.000 | .656 |
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