Problem 13-5 Sam Sung is evaluating a new advertising program that could increase electronic sales. Possible outcomes and probabilities of the outcomes are shown below. Possible Outcomes Ineffective campaign Normal response Extremely effective Additional Sales in Units 95 140 375 Probabilities 0.20 0.40 0.40 Compute the coefficient of variation. (Do not round intermediate calculations. Round the final answer to 3 decimal places) Coefficient of variation 0559

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Problem 13-5
Sam Sung is evaluating a new advertising program that could increase electronic sales. Possible outcomes and probabilities of the
outcomes are shown below.
Possible Outcomes
Ineffective campaign
Normal response
Extremely effective
Additional
Sales In Units
95
140
375
0559
Probabilities
0.20
0.40
0.40
Compute the coefficient of variation. (Do not round intermediate calculations, Round the final answer to 3 decimal places)
Coefficient of variation
Transcribed Image Text:Problem 13-5 Sam Sung is evaluating a new advertising program that could increase electronic sales. Possible outcomes and probabilities of the outcomes are shown below. Possible Outcomes Ineffective campaign Normal response Extremely effective Additional Sales In Units 95 140 375 0559 Probabilities 0.20 0.40 0.40 Compute the coefficient of variation. (Do not round intermediate calculations, Round the final answer to 3 decimal places) Coefficient of variation
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