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Why Is It Important to Look at the Effect Size

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Why is it important to look at the effect size?


Definitions:

Quart of Milk

A unit of liquid measurement commonly used in the United States, equivalent to approximately 0.946 liters of milk.

T-shirt

A T-shirt is a casual piece of clothing, typically made of cotton fabric, characterized by its T shape formed by the body and sleeves.

Consumer Price Index

A tool that analyzes the combined weighted price of a mix of consumer products and services, including medical care, transportation, and food, used for calculating inflation rates.

Base Year

A specific year chosen as a standard of comparison for financial or economic data, allowing for the calculation of changes or growth over time.

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