Let's assume I'm selling a product at two price points, A and B and I'm alternating the displayed price to each visitor for a period of time. I receive a specific number of orders, O(a) and O(b) at each price point after time T.
If I compare the profit after time T of the orders at each price point, is there a way to determine statistical significance?
I do not have conversion rates in this case. I simply know the price points, time elapsed, and number of orders at each price point.
For example, users order 15 widgets at a 23 dollar price point and 17 widgets at a 24 dollar price point after 3 days. Is this enough information to run analysis?
For simplicity, assume each selling price is also the profit (cost of goods sold is 0).