Right, so I have 3 ads rotating through in an ad group.
ad 1 - 12 clicks - 1,900 imp - 0.64% CTR
ad 2 - 5 clicks - 1,707 imp - 0.29% CTR
ad 3 - 1 click - 855 imp - 0.11% CTR
is that too early to call? How many impressions (or clicks) do you give split testing? If the next two users on G click ad 3, it flies up to 0.35% and that's why I think it's probably too close to call.
I'm sure this type of statistical question has been discussed before but I couldn't find anything.
If you're tracking it, you should probably consider Cost Per Action. For example, you can have an ad that gets better CT, but much lower conversions down the line which ends up making it a lower performer in the end.
Good luck.
If these numbers were indeed from the content network, you would also have to take into account which sites these ads were served on. Not all sites are created equal.