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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 | 50 | .20 | ||||
Normal response | 185 | .20 | ||||
Extremely effective | 330 | .60 | ||||
Compute the coefficient of variation. |
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