When you run A/B tests, it is important to test your hypothesis and seek for statistically significant differences among the test groups. Student's t-test, or simply the t-test, is frequently used to test whether the difference between two tests is statistically significant. The t-test compares the two averages and examines whether they are significantly different from each other.
There are two important statistics in a t-test—the t-value and p-value. The t-value measures the degree of difference relative to the variation in the data. The larger the t-value is, the more difference there is between the two groups. On the other hand, the p-value measures the probability that the results would occur by chance. The smaller the p-value is, the more statistically significant difference there will be between the two groups. The equation to...