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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
| 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 | 50 | .60 | ||||
| Normal response | 90 | .20 | ||||
| Extremely effective | 110 | .20 | ||||
| Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.) |
| Coefficient of variation |
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The Economic Indicator Handbook How To Evaluate Economic Trends To Maximize Profits And Minimize Losses
Authors: Richard Yamarone
1st Edition
1118204662, 9781118204665
