k Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes ar abilities of the outcomes are shown next. ssible Outcomes effective campaign real response tremely effective Additional Sales in Units 60 80 160 efficient of variation Probabilities 0.30 0.50 0.20 mpute the coefficient of variation. e: Do not round Intermediate calculations. Round your answer to 3 decimal places.

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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
Ineffective campaign
Normal response
Extremely effective
Additional Sales in
Units
60
80
160
Coefficient of variation i
Probabilities
0.30
0.50
0.20
Compute the coefficient of variation.
Note: Do not round Intermediate calculations. Round your answer to 3 decimal places.
Transcribed Image Text: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 Ineffective campaign Normal response Extremely effective Additional Sales in Units 60 80 160 Coefficient of variation i Probabilities 0.30 0.50 0.20 Compute the coefficient of variation. Note: Do not round Intermediate calculations. Round your answer to 3 decimal places.
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