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 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 60 30 140 Probabilities 0.20 9.40 0.40 Compute the coefficient of variation. (Round the final anewer to 2 decimal places.) Coefficient of variation

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