Question

Problem 13-4 Coefficient of variation [LO1]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 OutcomesAdditional
Sales in UnitsProbabilities  Ineffective campaign 70  .40   Normal response 80  .20   Extremely effective 140  .40      
 Compute the coefficient of variation. 

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