Question

Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown next 110 130 Compute the ocefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer:

Coefficient of variation 0.444

Workings:

Additional Sales Possible outcomes Probabilities (P) Ineffective campaign Normal response Extremely effective S- E(S) [S - E(S)JA2 P [S E(S)1A2 1080 200 320 1600 40 in Units (S 0.3 0.5 0.2 30 110 130 9 60 20 40 3600 400 1600 Variance- 26 Expected sales in units [E(S)] 90 Standard deviation (SD Coefficient of Variation 0.444 [SD/ E(S)]

Add a comment
Know the answer?
Add Answer to:
Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes...

    Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes and probabilities of the outcomes are shown next. Additional Sales in Units 40 90 115 Possible Outcomes Ineffective campaigrn Normal response Extremely effective Probabilities 30 .50 20 Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.) Coefficient of variation

  • Shack Homebuilders Limited is evaluating a new promotional campaign that could increase home sales. Possible outcomes...

    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 50 0.70 Normal response 100 0.20 Extremely effective 150 0.10 Compute the coefficient of variation. (Do not round intermediate calculations. Round your answer to 3 decimal places.) Coefficient Variation _____ Tim Trepid is highly risk-averse while Mike Macho actually enjoys taking a risk. Investments Returns: Expected Value...

  • Monarch King Size Beds Ltd. is evaluating a new promotional campaign that could increase sales. Possible...

    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 0.70   Normal response 100 0.20   Extremely effective 150 0.10 Compute the coefficient of variation. (Round the final answer to 2 decimal places.)    Coefficient of variation           

  • Coeffecient of Variation

    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 OutcomesAdditionalSales in UnitsProbabilities  Ineffective campaign300.30  Normal response1100.50  Extremely effective1300.20 Compute the coefficient of variation. (Round the final answer to 2 decimal places.)  Coefficient of variation           

  • Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales...

    Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are shown next: Sales in Units 70 Possible Market Reaction Low response Moderate response High response Very high response 100 110 Probabilities 0.50 0.20 0.10 0.20 120 a. What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.) Expected value units b....

  • Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales...

    Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are shown next JUST PART B! Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are shown next: Sales in Units 20 70 80 100 Possible Market Reaction Low response Moderate response High response Very high response Probabilities .40 .20 .10 .30 a. What is...

  • Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales...

    Sampson Corp. is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are shown next:    Possible Market Reaction Sales in Units Probabilities Low response 70 .40 Moderate response 100 .30 High response 120 .10 Very high response 150 .20 a. What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.)       b....

  • Possible outcomes for three investment alternatives and their probabilities of occurrence are given next. Failure Acceptable...

    Possible outcomes for three investment alternatives and their probabilities of occurrence are given next. Failure Acceptable Successful Alternative 1 Outcomes Probability 30 0.10 70 0.50 105 0.40 Alternative 2 Outcomes Probability 80 0.20 195 0.40 250 0.40 Alternative 3 Outcomes Probability 110 0.30 350 0.50 400 0.20 Using the coefficient of variation, rank the three alternatives in terms of risk from lowest to highest. (Do not round intermediate calculations. Round your answers to 3 decimal places.) Coefficient of Variation Rank...

  • Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit...

    Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given next: Possible Market Reaction Sales in Units Probabilities Low response 25 0.40 Moderate response 35 0.20 High response 40 0.10 Very high response 70 0.30 a. What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.) b. What is...

  • Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit...

    Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given next: Possible Market Reaction Sales in Units Probabilities Low response 25 0.20 Moderate response 40 0.30 High response 65 0.20 Very high response 80 0.30 a. What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.) b. What is...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT