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Kramer is conducting a chi-square analysis on a 2 x 2 contingency table. Which statistic should he use to calculate the effect size?
Sweaters
Knitted garments intended to cover the torso and arms, providing warmth and fashioned from materials like wool, cotton, or synthetic fibers.
Comparative Advantage
The ability of a country, company, or individual to produce a particular good or service at a lower opportunity cost than others, leading to more efficient trade and production.
Opportunity Cost
The value of the next best alternative forgone as the result of making a decision.
Production Possibility Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, technology).
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