Good point, but I disagree on a detail: just knowing that there’s some threshold of savings that some people have achieved when switching to X Brand Insurance tells us that at least one person passed that threshold… but it doesn’t tell us how likely we are to pass that threshold.
For that I think you’d need something like “10% of the people who got a quote from X Brand insurance later switched, saving on average Y dollars!” Except, no insurance company would run that ad, because 10% is an unimpressive “sounding” number even though in this context it would actually be really high.
It does make sense as an argument that you should look into it not as an argument itself to switch.
Good point, but I disagree on a detail: just knowing that there’s some threshold of savings that some people have achieved when switching to X Brand Insurance tells us that at least one person passed that threshold… but it doesn’t tell us how likely we are to pass that threshold.
For that I think you’d need something like “10% of the people who got a quote from X Brand insurance later switched, saving on average Y dollars!” Except, no insurance company would run that ad, because 10% is an unimpressive “sounding” number even though in this context it would actually be really high.