Al Bundy is evaluating a new advertising program that could increase shoe sales. Possible outcomes and probabilities of the outcomes are shown next. Possible Outcomes
Al Bundy is evaluating a new advertising program that could increase shoe sales. Possible outcomes and probabilities of the outcomes are shown next.
| Possible Outcomes | Additional Sales in Units | Probabilities | ||||
| Ineffective campaign | 90 | .20 | ||||
| Normal response | 130 | .40 | ||||
| Extremely effective | 300 | .40 | ||||
Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
Coefficient of variation ________
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Authors: Income Mastery
1st Edition
1647772648, 978-1647772642
