Question
Problem 13-4 Coefficient of variation [LO1] Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of
Problem 13-4 Coefficient of variation [LO1]
| 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 | Additional Sales in Units | Probabilities | ||||
| Ineffective campaign | 40 | .30 | ||||
| Normal response | 100 | .30 | ||||
| Extremely effective | 120 | .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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Investing All In One
Authors: Eric Tyson
1st Edition
1119376629, 978-1119376620
