Question $1$

Which of the following statements is true

Experimentation is unnecessary when we can rely on data driven models.

Experimentation is always costly$.$

The purpose of experiments is to confirm hypothesis.

Experimentation without a plan to implement and scale the learning is ineffective.

Question $2$

In the context of sequential testing and experimentation, the reservation price

of an alternative is the

Status$-$quo value that makes us indifferent between continued search and stopping

right away.

Price that we pay for each experiment.

The value we obtain from each experiment.

The total value we obtain from all the experiments combined.