Question: The question is about multivariate analysis. Data were collected from 50 people on the value they placed on 4 types of precious stones. The data

The question is about multivariate analysis.

Data were collected from 50 people on the value they placed on 4 types of precious stones. The data were standardized and then a principal component analysis carried out using SPSS. Table 3 gives the loadings for the first 2 principal components produced by SPSS. Table 3 Variable Component 1 Component 2 Diamond 0.455 -0.631 Ruby 0.583 0.121 Sapphire 0.532 0.082 Emerald 0.412 0.762 Briefly interpret each of the components

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