The Percent of Variance Explained Is a Summary Measurement Indicating

question 6

True/False

The percent of variance explained is a summary measurement indicating how much of the total original variance of all the respondents is represented by the factor.

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Definitions:

12b-1 Fee

A fee that mutual funds may charge their shareholders for marketing, distribution, and service expenses.

Class A

Refers to a classification of shares that might have more voting rights or higher dividends than Class B or other classes.

Class B

Typically refers to a classification of shares or assets that have certain characteristics or rights different from Class A shares, often with fewer voting rights.

Specialized-sector Funds

Specialized-sector Funds focus investments on specific sectors of the economy, such as technology, healthcare, or finance, aiming for higher returns from these niche areas.