Your question is Explain P-Value in Marketing Test. Take a moment with it on the right.
Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).
BrightCart, a retail app, tested a new promotional banner to increase email sign-ups. The VP of Marketing saw a p-value in the experiment readout and asked, "What does this actually mean in plain English?"
You need to evaluate the A/B test statistically and then explain the p-value to a non-technical stakeholder without using misleading language. Use the data below to determine whether the banner likely changed sign-up behavior.
| Group | Sample Size | Sign-ups | Conversion Rate |
|---|---|---|---|
| Control (old banner) | 8,400 | 1,008 | 12.0% |
| Treatment (new banner) | 8,100 | 1,053 | 13.0% |
Additional test settings:
| Parameter | Value |
|---|---|
| Significance level | 0.05 |
| Test type | Two-tailed |