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 | 60 | 0.20 | ||||
| Normal response | 80 | 0.40 | ||||
| Extremely effective | 140 | 0.40 | ||||
Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
Coefficent of Variation _____
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