Question
Comprehension: Suppose you work at an FMCG company that recently launched a new fabric whitening product called 'Excalibur'. The marketing team has come up with
Comprehension:
Suppose you work at an FMCG company that recently launched a new fabric whitening product called 'Excalibur'. The marketing team has come up with the following two taglines:
Tagline A reads 'Purer than white'.
Tagline B reads 'Holy white'.
The initial consensus was that Tagline A is better than Tagline B. However, after a senior manager had challenged the consensus, it was decided that Tagline B would be tested to see if it performed better. Of the 20,000 products each with Tagline A and Tagline B, 1,158 and 1,201 were sold, respectively.
Now, you want to conduct an A/B test to verify whether this difference in sales is statistically significant or not.
What is the p-value of the test? (Use theAB testing calculatorto compute it.)
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