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 Additional Sales in Units Probabilities
Ineffective campaign 50 0.10
Normal response 70 0.20
Extremely effective 130 0.70

Compute the coefficient of variation. (Round the final answer to 2 decimal places.)

Coefficient of variation

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