Question
Problem 13-5 Coefficient of variation [LO13-1] Al Bundy is evaluating a new advertising program that could increase shoe sales. Possible outcomes and probabilities of the
Problem 13-5 Coefficient of variation [LO13-1]
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 | Probabilities | ||||
| Ineffective campaign | 50 | 0.20 | ||||
| Normal response | 115 | 0.40 | ||||
| Extremely effective | 360 | 0.40 | ||||
Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
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Finance A Quantitative Introduction
Authors: Nico Van Der Wijst
1st Edition
1107029228, 978-1107029224
