Find the coefficient of variation for shack homebuilders

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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                Probabilities
                                                      Sales                         in Units


Ineffective campaign                    70                         .20
Normal response                           80                        .20
Extremely effective                      150                        .20

Problem 1: Compute the coefficient of variation.

Reference no: EM132962561

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