A/B Testing Example
Scenario: Suppose we have a website and want to test whether a new button color (Version B) performs better than the current one (Version A) in terms of click-through rate (CTR). Define Hypotheses: (H_0): The CTR of Version B ≤ the CTR of Version A. (H_1): The CTR of Version B > the CTR of Version A (one-tailed test). Group Assignment: Randomly assign 1,000 users to each version (A and B), and record the number of clicks....