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Yes, that's right I should have touched that point. I think the revenue for each variation can be approximated as normal curve and then a hypothesis test can be
by paraschopra 16y ago
Yes, that's right I should have touched that point. I think the revenue for each variation can be approximated as normal curve and then a hypothesis test can be done to see if difference in mean is statistically significant.
- btilly 16y agoThat approach absolutely works. But fairly few people have enough of a math background to figure out how to do it. There are also complications around noise from large outliers. Though this matters less with a fixed price service.