Understand P-Value's Role in Product Decision-Making
Company: Adobe
Role: Data Scientist
Category: Statistics & Math
Difficulty: easy
Interview Round: Onsite
##### Scenario
Explaining statistical significance concepts to executives.
##### Question
In plain language, what is a p-value and why is it important when making product decisions?
##### Hints
Relate to probability of seeing the observed result if there was really no effect; talk about risk of false positives.
Quick Answer: This question evaluates understanding of p-values and statistical inference along with the ability to translate statistical results into clear explanations for non-technical executives.