Question: Problem 13-4 Monarch King Size Beds Ltd. is evaluating a new promotional campaign that could increase sales. Possible outcomes and probabilities of the outcomes are

Problem 13-4 Monarch King Size Beds Ltd. is evaluating a new

Problem 13-4 Monarch King Size Beds Ltd. is evaluating a new promotional campaign that could increase sales. Possible outcomes and probabilities of the outcomes are shown below. Possible Outcomes Ineffective campaign Normal response Extremely effective Additional Sales in Units 50 110 130 Probabilities 0.30 0.30 0.40 Compute the coefficient of variation. (Round the final answer to 2 decimal places.) Coefficient of variation

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