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Python for Growth Hackers

bookStatistical Significance in Growth Experiments

Understanding whether a growth experiment's results are due to real effects or just random chance is crucial for making data-driven decisions. Statistical significance is the concept that helps you determine if the observed differences in your growth experiments, such as A/B tests, are meaningful or simply the result of variability in your data. By applying statistical tests, you can validate your experiment outcomes and avoid making changes based on misleading results.

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import numpy as np from scipy.stats import chi2_contingency # Hardcoded A/B test results # Group A: 200 users, 40 conversions # Group B: 220 users, 60 conversions # Build contingency table # Rows: Groups (A, B) # Columns: [Converted, Not Converted] data = np.array([ [40, 160], # Group A [60, 160] # Group B ]) chi2, p, dof, expected = chi2_contingency(data) print("Chi-squared statistic:", chi2) print("p-value:", p)
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The code above uses scipy.stats.chi2_contingency to perform a chi-squared test on your A/B test data. The p-value tells you the probability of observing the difference between groups by random chance. A low p-value (commonly less than 0.05) suggests that the difference is statistically significant, meaning it's unlikely to have occurred by chance. If the p-value is high, you cannot confidently claim your experiment had a real effect. This approach helps you make decisions based on reliable evidence rather than luck or noise in your data.

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import numpy as np from scipy.stats import chi2_contingency # Adjusted experiment parameters # Suppose you increase the number of users and conversions # Group A: 400 users, 80 conversions # Group B: 400 users, 120 conversions data = np.array([ [80, 320], # Group A [120, 280] # Group B ]) chi2, p, dof, expected = chi2_contingency(data) print("Chi-squared statistic:", chi2) print("p-value:", p)
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1. What does a low p-value indicate in an experiment?

2. Which scipy function is used for chi-squared tests?

3. Why is statistical significance important in growth hacking?

question mark

What does a low p-value indicate in an experiment?

Select the correct answer

question mark

Which scipy function is used for chi-squared tests?

Select the correct answer

question mark

Why is statistical significance important in growth hacking?

Select the correct answer

¿Todo estuvo claro?

¿Cómo podemos mejorarlo?

¡Gracias por tus comentarios!

Sección 3. Capítulo 6

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What does a lower p-value in the second experiment indicate?

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bookStatistical Significance in Growth Experiments

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Understanding whether a growth experiment's results are due to real effects or just random chance is crucial for making data-driven decisions. Statistical significance is the concept that helps you determine if the observed differences in your growth experiments, such as A/B tests, are meaningful or simply the result of variability in your data. By applying statistical tests, you can validate your experiment outcomes and avoid making changes based on misleading results.

12345678910111213141516171819
import numpy as np from scipy.stats import chi2_contingency # Hardcoded A/B test results # Group A: 200 users, 40 conversions # Group B: 220 users, 60 conversions # Build contingency table # Rows: Groups (A, B) # Columns: [Converted, Not Converted] data = np.array([ [40, 160], # Group A [60, 160] # Group B ]) chi2, p, dof, expected = chi2_contingency(data) print("Chi-squared statistic:", chi2) print("p-value:", p)
copy

The code above uses scipy.stats.chi2_contingency to perform a chi-squared test on your A/B test data. The p-value tells you the probability of observing the difference between groups by random chance. A low p-value (commonly less than 0.05) suggests that the difference is statistically significant, meaning it's unlikely to have occurred by chance. If the p-value is high, you cannot confidently claim your experiment had a real effect. This approach helps you make decisions based on reliable evidence rather than luck or noise in your data.

123456789101112131415161718
import numpy as np from scipy.stats import chi2_contingency # Adjusted experiment parameters # Suppose you increase the number of users and conversions # Group A: 400 users, 80 conversions # Group B: 400 users, 120 conversions data = np.array([ [80, 320], # Group A [120, 280] # Group B ]) chi2, p, dof, expected = chi2_contingency(data) print("Chi-squared statistic:", chi2) print("p-value:", p)
copy

1. What does a low p-value indicate in an experiment?

2. Which scipy function is used for chi-squared tests?

3. Why is statistical significance important in growth hacking?

question mark

What does a low p-value indicate in an experiment?

Select the correct answer

question mark

Which scipy function is used for chi-squared tests?

Select the correct answer

question mark

Why is statistical significance important in growth hacking?

Select the correct answer

¿Todo estuvo claro?

¿Cómo podemos mejorarlo?

¡Gracias por tus comentarios!

Sección 3. Capítulo 6
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