Monarch King Size Beds Ltd. is evaluating a new promotional campaign that could increase sales....
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Accounting
Monarch King Size Beds Ltd. is evaluating a new promotional campaign that could increase sales. Possible outcomes and probabilities of the outcomes are shown below.
| Possible Outcomes | Additional Sales in Units | Probabilities | ||||
| Ineffective campaign | 40 | 0.30 | ||||
| Normal response | 90 | 0.50 | ||||
| Extremely effective | 115 | 0.20 | ||||
Compute the coefficient of variation. (Round the final answer to 2 decimal places.)
Coefficient of variation
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