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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 Outcomes Additional
Sales in Units
Probabilities
Ineffective campaign
60

.60
Normal response
100

.20
Extremely effective
120

.20

Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.)

Financial Management, Finance

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