What Does the P-Value and Effect Size Tell You About

question 6

Short Answer

What does the p-value and effect size tell you about the hypothesized relationship?

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Definitions:

Annual Payments

Recurring payments made once a year.

Compounded Monthly

Determining interest on a monthly schedule by including both the initial principal and previously earned interest in the calculation.

Mortgage

A loan secured by real property, typically a residential property, where the borrower is obliged to pay back with a predetermined set of payments.

Loan Balance

The amount of money that remains to be paid back on a loan at any given time, excluding future interest.