ACF American College of California Factor Analysis Question

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Law

American College of California

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How would this factor analysis information be interpreted and summarized? What would be the best way to explain these findings?

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*This version fixes the number of factors the the hypothesized three in the data set. FACTOR /VARIABLES l1 l2 l3 l4 l5 L6R d1 d2 d3 d4 d5 d6 r1 r2 r3 r4 r5 r6 /MISSING LISTWISE /ANALYSIS l1 l2 l3 l4 l5 L6R d1 d2 d3 d4 d5 d6 r1 r2 r3 r4 r5 r6 /PRINT INITIAL EXTRACTION ROTATION /FORMAT SORT /PLOT EIGEN /CRITERIA FACTORS(3) ITERATE(25) /EXTRACTION PC /CRITERIA ITERATE(25) /ROTATION VARIMAX /METHOD=CORRELATION. Factor Analysis Notes Output Created Comments Input Missing Value Handling 14-OCT-2019 22:05:14 Data C:\Users\rctcp\One Drive - Laureate Education\Courses\ Psyc 8551 I-O Testing and Measurement\Mone yData.sav DataSet1 1146 Active Dataset Filter Weight Split File N of Rows in Working Data File Definition of Missing MISSING=EXCLUD E: User-defined missing values are treated as missing. Cases Used LISTWISE: Statistics are based on cases with no missing values for any variable used. Syntax Resources FACTOR /VARIABLES l1 l2 l3 l4 l5 L6R d1 d2 d3 d4 d5 d6 r1 r2 r3 r4 r5 r6 /MISSING LISTWISE /ANALYSIS l1 l2 l3 l4 l5 L6R d1 d2 d3 d4 d5 d6 r1 r2 r3 r4 r5 r6 /PRINT INITIAL EXTRACTION ROTATION /FORMAT SORT /PLOT EIGEN /CRITERIA FACTORS(3) ITERATE(25) /EXTRACTION PC /CRITERIA ITERATE(25) /ROTATION VARIMAX Processor Time /METHOD=CORRE LATION. 00:00:00.17 Elapsed Time Maximum Memory Required 00:00:00.13 40024 (39.086K) bytes Communalities I need luxury to feel comfortable. I enjoy having people wait on me. I tend to buy more expensive, higher quality products. I like to give other people the impression that I am financially well-off. To tell the truth, I like people to envy my financial status. L6R My partner tends to be more responsible with money than I am. I've never been very good at handling financial responsibility Initial 1.000 Extraction .529 1.000 .515 1.000 .222 1.000 .479 1.000 .481 1.000 1.000 .426 .315 1.000 .345 I expect my partner to take care of me financially. I know that my partner has more financial responsibility than I do, so I try not to "rock the boat." I expect others to help me out when I have a financial problem. I'm more of a nurturer than a provider. I'd rather run my own business than to work for someone else. I don't mind risking large amounts of money if there is a good chance I can come out ahead. I'm willing to take real chances to get ahead financially. I get bored unless I'm taking some risks with my career. Being too conservative with your investments can cause financial problems. 1.000 .479 1.000 .518 1.000 .257 1.000 .482 1.000 .529 1.000 .644 1.000 .646 1.000 .470 1.000 .193 Running a business is something that I think of as interesting and exciting. 1.000 .495 Extraction Method: Principal Component Analysis. Total Variance Explained Component 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Total 3.588 2.452 1.985 1.263 1.124 1.049 .864 .779 .716 .633 .601 .550 .546 .480 Initial Eigenvalues % of Cumulative Variance % 19.935 19.935 13.620 33.555 11.030 44.585 7.016 51.601 6.246 57.847 5.827 63.674 4.800 68.475 4.328 72.803 3.977 76.780 3.517 80.297 3.337 83.635 3.053 86.687 3.031 89.719 2.667 92.386 Extraction Sums of Squared Loadings Total 3.588 2.452 1.985 15 16 17 18 .402 .348 .331 .290 2.232 1.932 1.837 1.612 94.618 96.550 98.388 100.000 Total Variance Explained Compone nt 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Extraction Sums of Squared Loadings % of Cumulative % of Variance % Total Variance 19.935 19.935 3.013 16.741 13.620 33.555 2.641 14.673 11.030 44.585 2.371 13.172 Total Variance Explained Component 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Rotation Sums of Squared Loadings Cumulative % 16.741 31.414 44.585 Extraction Method: Principal Component Analysis. Component Matrixa I don't mind risking large amounts of money if there is a good chance I can come out ahead. Component 1 2 .707 -.248 3 .286 I'm willing to take real chances to get ahead financially. I get bored unless I'm taking some risks with my career. I'd rather run my own business than to work for someone else. Running a business is something that I think of as interesting and exciting. I enjoy having people wait on me. To tell the truth, I like people to envy my financial status. I need luxury to feel comfortable. L6R I like to give other people the impression that I am financially well-off. Being too conservative with your investments can cause financial problems. I expect my partner to take care of me financially. .705 -.219 .317 .603 -.141 .295 .584 -.162 .402 .550 -.155 .410 .532 .105 -.471 .524 .213 -.401 .508 .303 -.422 .503 .492 .198 .083 -.366 -.479 .369 -.219 .093 .001 .677 .145 I'm more of a nurturer than a provider. I know that my partner has more financial responsibility than I do, so I try not to "rock the boat." I've never been very good at handling financial responsibility My partner tends to be more responsible with money than I am. I expect others to help me out when I have a financial problem. I tend to buy more expensive, higher quality products. -.091 .658 .203 .020 .626 .355 .113 .486 .311 .123 .483 .257 .172 .462 .116 .263 .252 -.299 Extraction Method: Principal Component Analysis.a a. 3 components extracted. Rotated Component Matrixa I'm willing to take real chances to get ahead financially. Component 1 2 .791 .141 3 -.008 I don't mind risking large amounts of money if there is a good chance I can come out ahead. I'd rather run my own business than to work for someone else. Running a business is something that I think of as interesting and exciting. I get bored unless I'm taking some risks with my career. Being too conservative with your investments can cause financial problems. I need luxury to feel comfortable. I enjoy having people wait on me. To tell the truth, I like people to envy my financial status. I like to give other people the impression that I am financially well-off. L6R .785 .156 -.047 .724 .021 .071 .699 -.004 .078 .674 .117 .045 .409 .095 -.129 .074 .712 .128 .130 .702 -.069 .127 .679 .057 .102 .678 -.096 .134 .636 .057 I tend to buy more expensive, higher quality products. I know that my partner has more financial responsibility than I do, so I try not to "rock the boat." I'm more of a nurturer than a provider. I expect my partner to take care of me financially. I've never been very good at handling financial responsibility My partner tends to be more responsible with money than I am. I expect others to help me out when I have a financial problem. -.035 .456 .117 .005 -.059 .717 -.173 -.008 .673 -.139 .097 .671 .098 -.011 .579 .078 .033 .554 .048 .160 .478 Extraction Method: Principal Component Analysis. Rotation Method: Varimax with Kaiser Normalization.a a. Rotation converged in 5 iterations. Component Transformation Matrix Component 1 1 2 .782 3 .619 .074 2 3 -.321 .534 .298 -.727 .899 .432 Extraction Method: Principal Component Analysis. Rotation Method: Varimax with Kaiser Normalization. *Questions to ask of the two factor analyses. * - How are the factor results different? Is that important. */ Read these notes /*. _SLINE OFF.
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Running head: FACTOR ANALYSIS

1

Factor Analysis
Name
Institution

FACTOR ANALYSIS

2
FACTOR ANALYSIS

In the communalities set, we look forward to knowing the proportion of variance to each variable
that can be explained by the factors. For the first factor in the communalities set, the extraction is
.529. It means that the factor loaded up whatever its new factor at above 52.9% of the variance.
The extraction values are moderately high because...

Cnhyvqnib (20206)
Rice University

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