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 Coefficient of variation Units 20 30 90 Probabilities 0.40 0.20 0.40 Compute the coefficient of variation Note: Do not round intermediate calculations. Round your answer to 3 decimal places.
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 Coefficient of variation Units 20 30 90 Probabilities 0.40 0.20 0.40 Compute the coefficient of variation Note: Do not round intermediate calculations. Round your answer to 3 decimal places.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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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
Coefficient of variation
Units
20
80
90
Probabilities
0.40
0.29
0.40
Compute the coefficient of variation.
Note: Do not round intermediate calculations. Round your answer to 3 decimal places.
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