Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible...
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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 Probabilities
Ineffective Campaign 20 40
Normal Response 80 20
Extremely Effective 90 40
Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
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