E20-007 practice - PrepKeys

Q1 Single choice

The average purchase size from your online sales site is $17, 200. The customer experience team believes a certain adjustment of the website will increase sales. A pilot study on a few hundred customers showed an increase in average purchase size of $1.47, with a significance level of p=0.1.

The team runs a larger study, of a few thousand customers. The second study shows an increased average purchase size of $0.74, with a significance level of 0.03.

What is your assessment of this study?

A
The change in purchase size is not practically important, and the good p-value of the second study is probably a result of the large study size.
B
The change in purchase size is small, but may aggregate up to a large increase in profits over the entire customer base.
C
The difference in the change in purchase size between the two studies is troubling; The team should
run another, larger study.
D
The p-value of the second study shows a statistically significant change in purchase size. The new website is an improvement.