To test this hypothesis, the company ran an experiment where…

To test this hypothesis, the company ran an experiment where they filtered 3000 individuals to the new landing page and recorded how many made a purchase.  The also recorded the average $ spend for each transaction and the corresponding standard deviation.  The results of this experiment appear in the table below:    # Visitors # Purchased % Purchased Avg. $ Spend Standard Deviation $ Spend 3000 105 3.5% $121.34 $21.30   What is the mathematical difference between the observed and hypothesized conversion rates?

The following are the average amount spent on products from…

The following are the average amount spent on products from each of the landing pages: Landing Page A:  $100 Landing Page B:  $120 Landing Page C:  $60 What is the expected monetary value for a customer that comes to the website (independent of the specific landing page)?

Imagine that you are working at company that is trying to as…

Imagine that you are working at company that is trying to assess the quality of its new landing page for its website. The company is currently trying to determine if more than 3% of people who arrive at the website through this new landing page will buy one of their products.  What is the null (HO) hypothesis for this scenario?

A company is testing the effectiveness of three different la…

A company is testing the effectiveness of three different landing pages (A, B, and C) for their website. To determine which page performs best, they ran an experiment where website visitors were randomly assigned to one of the three pages for one day. Afterward, they recorded whether each visitor purchased a product. The results are summarized in the following probability tree: Use this tree to answer the following questions. What is the probability of purchase for landing page B?  Input your response as a numeric value.  Do not use special characters (e.g., %, $, etc.)