Cohen's Effect-Size Conventions for a Small, Medium, and Large Effect

question 64

Short Answer

Cohen's effect-size conventions for a small, medium, and large effect are __________ , __________ , and __________ , respectively.

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Definitions:

Consumption Bundles

A combination of various goods and services that an individual consumes to derive satisfaction or utility.

Income

The amount of money received over a period of time, typically as payment for work, goods, or investments.

Cost of Living

The amount of money needed to sustain a certain standard of living by affording basic expenses such as housing, food, taxes, and healthcare.

Utility Function

A representation in economics of how a consumer ranks different goods or services, based on the level of satisfaction they provide.