Question: Al Bundy is evaluating a new advertising program that could increase shoe sales. Possible outcomes and probabilities of the outcomes are shown next. Possible OutcomesAdditional

Al Bundy is evaluating a new advertising program that could increase shoe sales. Possible outcomes and probabilities of the outcomes are shown next.

Possible OutcomesAdditional

Sales in Units Probabilities

Ineffective campaign 30 0.20

Normal response 130 0.40

Extremely effective 380 0.40

Compute the coefficient of variation.

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