Main page content

Click to collapse

Experiments

An experiment is a procedure performed to support, disprove, or confirm a hypothesis. In this lesson, we will learn why are experiments important and what are the components of experiments.

Resource: Pixabay

Experiments (Testing Business Ideas, 2019):

  • Are helping with reducing the risk and unpredictability of business ideas,
  • Can prove if some evidence is weak or strong and can also prove if that evidence that supports or disproves a hypothesis.
  • Can also be fast or slow and cheap or expensive to perform.

What are the components of the experiment?

Hypothesis - You need to test important hypotheses first.

Experiment – Short description of an experiment you will run to support or disprove your hypothesis.

Metric - Measure that you will use during the experiment.

Criteria - The success criteria that you will use to validate your experiment metric.

Resource: Strategyzer

Conclusions

 

Create multiple experiments for hypothesis, because you can’t get all the information that you need from just one experiment. In real life, it takes several experiments to generate the possibility of a successful business.

The following video explains the content of this lesson and shows some examples:

Video T3.L2. Experiment

Here you have the content of the video in pdf in case you need to use it in your classroom:

Lesson contents in PDFClick to collapse

Here you have the contents of the lesson in PDF:

Experiments.pdf Experiments.pdf
English version
0