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What is the difference between effect size and p-value?

An example of an AI chatbot conversation about effect size and p-value differences.

😀
You

Can you explain the difference between effect size and p-value?

MagicBuddy
MagicBuddy

Sure! Effect size measures the strength of a relationship or the magnitude of an effect, while p-value indicates the probability of observing the data if the null hypothesis is true.

😀
You

Why is effect size important in research?

MagicBuddy
MagicBuddy

Effect size provides context to the significance of results, helping researchers understand the practical implications of their findings.

😀
You

Can you give an example of effect size?

MagicBuddy
MagicBuddy

Absolutely! For instance, in a study comparing two teaching methods, an effect size of 0.5 might indicate a moderate difference in student performance between the two methods.

😀
You

How do I calculate effect size?

MagicBuddy
MagicBuddy

Effect size can be calculated using various formulas, depending on the type of data. Common methods include Cohen's d for comparing two means and Pearson's r for correlation.

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