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 | 20 | .40 | ||||
| Normal response | 60 | .30 | ||||
| Extremely effective | 80 | .30 | ||||
Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
Al Bundy is evaluating a new advertising program that could increase shoe sales. Possible outcomes and probabilities of the outcomes are shown next.
| Possible Outcomes | Additional Sales in Units | Probabilities | ||||
| Ineffective campaign | 70 | .30 | ||||
| Normal response | 130 | .30 | ||||
| Extremely effective | 375 | .40 | ||||
Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
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