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DKF Ltd. has leveraged a new marketing firm to assist in the launch of a new product line. The table below outlines possible outcomes and
DKF Ltd. has leveraged a new marketing firm to assist in the launch of a new product line. The table below outlines possible outcomes and probabilities of the campaign:
Possible Outcomes | Sales in Units | Probabilities | ||||
Poor Consumer Response | 40 | 0.30 | ||||
Normal Consumer response | 90 | 0.50 | ||||
Great Consumer Response | 115 | 0.20 | ||||
a). Compute the coefficient of variation. (Round the final answer to2 decimal places.)
NOTE: Please provide us all the calculation. Thank You
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