LSPMA often generates large databases through its research studies. These databases contain large numbers of variables as well as large numbers of respondents. In analyzing these data sets, LSPMA often has two objectives: (1) reducing the number of analytical variables into a few smaller groups of inter-related variables; and (2) using this smaller set of variables to group people into different market segments. To achieve the first analytical objective, LSPMA would use ; and to achieve the second analytical objective, LSPMA would use

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e.g.