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Interpret a p-value in an A/B test

Source: interviewintermediate

WHAT IT TESTS: correct meaning of a p-value. OUTLINE: define it as P(data this extreme | null true), interpret 0.03 against a 0.05 threshold, and state what it is NOT. RED FLAG: claiming a 3% chance the result is wrong or that the effect is.

WHAT IT TESTS: whether you truly understand statistical significance rather than reciting it. ANSWER OUTLINE: a p-value is the probability of observing a result at least as extreme as yours assuming the null hypothesis (no difference) is true. A p-value of 0.03 means that if the variants were actually identical, you would see a gap this large only about 3 percent of the time, so at a 0.05 threshold you reject the null. RED FLAG: saying there is a 3 percent chance the result is due to chance or that the variant is wrong, or.

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Interpret a p-value in an A/B test · Tezvyn