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Problem 1 3 - 4 ( Algo ) Coefficient of variation [ LO 1 3 - 1 ] Shack Homebuilders Limited is evaluating a new

Problem 13-4(Algo) Coefficient of variation [LO13-1]
Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown next.
\table[[Possible Outcomes,\table[[Additional Sales],[In Units]],Probabilities],[Normal response,60,0.30],[Extremely effective,80,0.50]]
Compute the coefficient of variation.
Note: Do not round intermediate calculations. Round your answer to 3 decimal places.
Coefficient of variation
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