Understand P-Value's Role in Product Decision-Making

Q: Understand P-Value's Role in Product Decision-Making

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.

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Question

Scenario

You are a data scientist presenting A/B test results to non-technical executives who must decide whether to launch a product change.

Question

In plain language:

What is a p-value?
Why is it important when making product decisions?

Hints

Think: "Probability of seeing results at least this extreme if the change actually had no real effect."
Connect to the risk of false positives (shipping a change that doesn’t truly help).

Understand P-Value's Role in Product Decision-Making

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