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Find the coefficient of variation

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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 Possibilities

Ineffective campaign          50                                          0.30

Normal Response                110                                        0.30

Extremely Effective            130                                         0.40

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

Reference no: EM132499630

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