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16) Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown next.
16)
| 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 | 70 | .40 | ||||
| Normal response | 90 | .30 | ||||
| Extremely effective | 150 | .30 |
| Compute the coefficient of variation.(Do not round intermediate calculations.Round your answer to 3 decimal places.) |
| Coefficient of variation |
|
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
