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    Coefficient of Variation

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    SALES ($000) Probabilities
    240 0.15
    280 0.2
    320 0.3
    360 0.2
    400 0.15

    A. Calculate the Expected Revenue

    B. Calculate the Standard Deviation

    C. Calculate the Coefficient of Variation

    Draw a Bar graph for each situation.

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    Solution Summary

    The solution calculates the coefficient of variation, the standard deviation and the expected revenue. It also draws a bar graph for each situation.