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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 | Probablities |
Ineffective Campaign | 40 | .20 |
Normal Response | 140 | .40 |
Extremely Effective | 340 | .40 |
Compute the coefficient of variation.
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