A company wants to investigate the relationship between the number of employees and the revenue generated. They

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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 number of employees and revenue for each department. The data is shown in the table below:

Department	Number of Employees	Revenue (in thousands of dollars)
1	10	15
2	15	20
3	20	30
4	25	35
5	30	40
6	35	50
7	40	60
8	45	70
9	50	80
10	55	90

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

Related Book For answer-question

Elementary Statistics A Step By Step Approach

ISBN: 9780073386102

8th Edition

Authors: Allan Bluman

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Posted Date: Mar 06, 2023 03:49 AM

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A company wants to investigate the relationship between the number of employees and the revenue generated. They

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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... View the full answer

Elementary Statistics A Step By Step Approach

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