This is a lot to hold in your head at once and I kind of fumbled the ordering.
Frame the problem as a multi-arm bandit or fixed-horizon A/B/n test with cost-per-conversion as the primary metric, then systematically walk through metric definition, hypotheses, power analysis, budget allocation, and follow-up analyses. Emphasize practical constraints like budget limits, unequal variances, and the need for sequential monitoring.
Pro tip: Mention that cost-per-conversion is a ratio metric with high variance, so you'd use a log transformation or a Poisson/negative binomial model, and consider a sequential test to allow early stopping for cost efficiency.
Clearly define cost-per-conversion (total spend / number of conversions) and state null and alternative hypotheses for comparing all four channels. Consider whether you're testing for any difference or specific pairwise differences.
Select an appropriate test (e.g., ANOVA on log-transformed costs, Kruskal-Wallis, or a generalized linear model) and conduct a power analysis to determine required sample size per arm, accounting for expected variance and minimum detectable effect.
Decide on a budget split across channels (equal or weighted by expected performance) and set a test duration that balances statistical power with practical constraints like seasonality and budget depletion.
Execute the experiment, monitor for data quality and early stopping criteria (if using sequential testing), and ensure no budget overspend or under-spend in any arm.
Perform the main test, then conduct pairwise comparisons with multiple testing correction, segment analyses (e.g., by audience or time), and sensitivity checks. Recommend next steps like reallocating budget or running a confirmatory test.
AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.