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Compute the coefficient of variation

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Reference no: EM132607353

Question - 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

20

0.40

Normal response

60

0.30

Extremely effective

80

0.30

Required - Compute the coefficient of variation.

Reference no: EM132607353

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