Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible...
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Finance
Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown next.
Possible Outcomes
Additional Sales in Units
Probabilities
Ineffective campaign
60
0.20
Normal response
80
0.40
Extremely effective
140
0.40
Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
Coefficent of Variation _____
Answer & Explanation
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