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Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possiable outcomes and probabilities of the outcomes are shown next. Compute
Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possiable outcomes and probabilities of the outcomes are shown next. Compute the coefficient of variation.
Possible Outcomes | Additional Sales in units | Probabilities |
Ineffective Campaign | 40 | 0.30 |
Normal Response | 100 | 0.30 |
Extremely Effective | 120 | 0.40 |
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