Question
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 | 60 | .30 | ||||
| Normal response | 80 | .50 | ||||
| Extremely effective | 160 | .20 | ||||
Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
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Essentials Of Real Estate Finance
Authors: David Sirota, Doris Barrell
14th Edition
1475428391, 9781475428391
