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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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