In Measuring the Effect Size of the Difference Between Two

question 147

True/False

In measuring the effect size of the difference between two population means,the rule of thumb suggests that a standardized effect size of around 0.2 can be classified as small.

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Definitions:

Probability

The likelihood or chance of an event occurring.

Expected Utility

A theory in economics that explains how people make decisions under uncertainty, based on the anticipated satisfaction or utility from outcomes.

Risk-averse

A description of an individual or entity that prefers to avoid risk, often opting for the less risky of available options.

Probability

A measure of the likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.