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 70 80 140 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.

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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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
Coefficient of variation
Units
70
80
140
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.
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 70 80 140 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.
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