Do PMs actually use confidence intervals when making decisions?
📰 Reddit r/ProductManagement
I’m trying to wrap my head around stats in product work, and my brain is doing that thing where it nods but doesn’t really get it. I recently ran into confidence intervals. Instead of saying “our average order value is $63,” you say “it’s about $63, give or take, say $60–$66 at 95% confidence.” Basically: stop pretending your metric is a perfectly behaved number and admit it’s a bit… chaotic. Conceptually, I’m on board. Data is messy. A range feels more h
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