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. Possible Outcomes Ineffective campaign Normal response Extremely effective Additional Sales in Units Coefficient of variation 60 100 120 Probabilities 0.60 0.20 0.20 Compute the coefficient of variation. Note: Do not round intermediate calculations. Round your answer to 3 decimal places. 9

Problem 13-4 (Algo) Coefficient of variation [LO13-1] Shack Homebuliders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown next. Compute the coefficient of variation. Note: Do not round intermediate calculations. Round your answer to 3 decimal places