Al Bundy is evaluating a new advertising program that could increase shoe sales. Possible outcomes and probabilities of the outcomes are shown next. Possible Outcomes Ineffective campaign Normal response Extremely effective Coefficient of variation Additional Sales in 0.837 Units 70 145 395 Compute the coefficient of variation. Note: Do not round intermediate calculations. Round your answer to 3 decimal places. Probabilities 0.20 0.20 0.60 4

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Al Bundy is evaluating a new advertising program that could increase shoe sales. Possible outcomes and probabilities of the outcomes
are shown next.
Possible Outcomes
Ineffective campaign
Normal response
Extremely effective
Coefficient of variation
Additional
Sales in
Units
70
145
395
Compute the coefficient of variation.
Note: Do not round intermediate calculations. Round your answer to 3 decimal places.
0.837
Probabilities
0.20
0.20
0.60
4
Transcribed Image Text:Al Bundy is evaluating a new advertising program that could increase shoe sales. Possible outcomes and probabilities of the outcomes are shown next. Possible Outcomes Ineffective campaign Normal response Extremely effective Coefficient of variation Additional Sales in Units 70 145 395 Compute the coefficient of variation. Note: Do not round intermediate calculations. Round your answer to 3 decimal places. 0.837 Probabilities 0.20 0.20 0.60 4
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