Effect Size Is an Important Tool for Making Sense of Research

question 2

Multiple Choice

Effect size is an important tool for making sense of research results because it

• A)indicates the degree to which a result is statistically significant.
• B)indicates the size of the statistical effect.
• C)limits variance and therefore increases power.
• D)is always smaller than the variance.

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Definitions:

Accrued Expenses Report

A financial document detailing costs that have been incurred but not yet paid for, typically within an accounting period.

Operating Expenses

The costs of running your business, including your rent, utilities, administration, marketing/advertising, employee salaries, and so on.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.

Short-Term Portion of Long-Term Debt

The part of a company's long-term debt that is due to be paid within the following twelve months.