Statistics

a. Assess the eigenvalue criterion. How many components were retained? Is the eigenvalue appropriate, considering the number of factors and the communalities?
b. Assess the variance explained by the retained components. What is the total variability explained by the model? Is this amount adequate?
c. Assess the scree plot. At which component does the plot begin to level off?
d. Assess the residuals. How many residuals exceed the 0.05 criterion?
e. Having applied the four criteria, do you believe the number of components retained in this analysis is appropriate? If not, what is your recommendation?

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