Question
Sam Sung is evaluating a new advertising program that could increase electronic sales. Possible outcomes and probabilities of the outcomes are shown below. Possible Outcomes
Sam Sung is evaluating a new advertising program that could increase electronic sales. Possible outcomes and probabilities of the outcomes are shown below.
| Possible Outcomes | Additional Sales in Units | Probabilities | ||||
| Ineffective campaign | 70 | 0.30 | ||||
| Normal response | 130 | 0.30 | ||||
| Extremely effective | 375 | 0.40 | ||||
Compute the coefficient of variation. (Do not round intermediate calculations. Round the final answer to 3 decimal places.)
Coefficient of variation
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Authors: G. R. Tiberius
1st Edition
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