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Explain Why a Measure of Effect Size Is Recommended to Accompany

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Essay

Explain why a measure of effect size is recommended to accompany the result from a hypothesis test.


Definitions:

Equal Amounts

A term referring to identical quantities or volumes of a given item or resource, implying a state of equilibrium or balance.

Price of X

The amount of money required to purchase a specific good or service denoted as "X."

Lump Sum

A one-time payment for the total amount due, rather than breaking the payment into smaller installments.

Sales Tax

A tax paid to a governing body for the sales of certain goods and services, usually added to the price of the goods or service.

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