Intermediate Vocabulary #growth#ab-testing#experimentation#analytics

Growth Experimentation Vocabulary

5 exercises — Practice growth and A/B testing vocabulary in English: experimentation frameworks, statistical significance, AARRR funnel, feature flags, and growth loops.

Core Growth Experimentation vocabulary clusters
  • Experiments: A/B test, control group, treatment group, hypothesis, randomisation unit, holdout
  • Stats: statistical significance, p-value, confidence interval, MDE, sample size, Type I/II error
  • Metrics: north star, guardrail, primary metric, secondary metric, ratio metric, novelty effect
  • Funnel: AARRR (acquisition, activation, retention, revenue, referral), conversion rate, drop-off
  • Infrastructure: feature flag, rollout, canary, GrowthBook, Optimizely, LaunchDarkly, Statsig
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A growth engineer explains A/B testing to a PM:
"An A/B test splits users randomly into control (gets the existing experience) and treatment (gets the new feature). We measure whether the treatment caused a statistically significant change in our primary metric. The p-value tells us the probability that we'd see this result if the treatment had no effect. If p < 0.05, we say the result is statistically significant — less than 5% chance it's a fluke. But p < 0.05 doesn't mean the effect is large or important — it just means it's unlikely to be random noise."
What is a p-value in an A/B test, and what does statistical significance mean?