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An experiment was done to look at whether there is an effect of the number of hours spent practising a musical instrument and gender on the level of musical ability. A sample of 30 (15 men and 15 women) participants who had never learnt to play a musical instrument before were recruited. Participants were randomly allocated to one of three groups that varied in the number of hours they would spend practising every day for 1 year (0 hours, 1 hours, 2 hours) . Men and women were divided equally across groups. All participants had a one-hour lesson each week over the course of the year, after which their level of musical skill was measured on a 10-point scale ranging from 0 (you can't play for toffee) to 10 ('Are you Mozart reincarnated?') .
-An ANOVA was conducted on the data from the experiment. Looking at the output below, which of the following sentences is correct?
Back-end Load
A fee paid by an investor when shares are sold, typically used in mutual funds, where the fee decreases over time the investment is held.
Annual Fees
Refers to the yearly charges associated with having an account, typically found in credit cards or investment accounts, to cover account management services.
12b-1 Fees
These are annual fees charged by a mutual fund to cover marketing, distribution, and sometimes administrative expenses, directly reducing the fund's return to its investors.
Management Expenses
These are fees paid out of fund assets to the fund manager for investment management and operational services, including administrative and overhead costs.
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