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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 Additional Sales in Units Probabilities Ineffective campaign   30     0.40   Normal response   110     0.40   Extremely effective   120     0.20     Compute the coefficient of variation

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 Additional Sales in Units Probabilities Ineffective campaign   30     0.40   Normal response   110     0.40   Extremely effective   120     0.20     Compute the coefficient of variation

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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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 Additional
Sales in Units		 Probabilities
Ineffective campaign   30     0.40  
Normal response   110     0.40  
Extremely effective   120     0.20  
 


Compute the coefficient of variation. (Do not round intermediate calculations

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