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Running an A/B Testing Experiment to test the effect on revenue

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A-B-Testing

A\B Testing is meant to test a new version of something (new design, new features, etc) to the old version and how that affects the business to determine which performs better


It also can be more than 2 Groups a-b-c-d but the most common one is (a-b) because it's hard and not the most effective to test more than one group

How to run A-B-Testing

To run an A/B test, you need to create two different versions of one piece of content, with changes to a single variable. Then, you'll show these two versions to two similarly sized audiences and analyze which one performed better over a specific period (long enough to make accurate conclusions about your results).
Explanation of what a/b testing is

A-B-Testing Process Steps:

  1. Understanding business problems & data
  2. Detect and resolve problems in the data (Missing Value, Outliers, Unexpected Value)
  3. Look at summary stats and plots
  4. Apply hypothesis testing and check assumptions
  5. Check Normality & Homogeneity
  6. Apply tests (Shapiro, Levene Test, T-Test, Welch Test, Mann Whitney U Test)
  7. Evaluate the results
  8. Make inferences
  9. Recommend business decisions to your customer/director/CEO etc.

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