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Compute the coefficient of variation

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Reference no: EM133028945

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 70 0.20

Normal response 80 0.20

Extremely effective 150 0.60

Compute the coefficient of variation.

Reference no: EM133028945

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