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Evaluating a new promotional campaign

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Reference no: EM132504628

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

Question 1: Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.)

Reference no: EM132504628

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