Cold calls Justine works for an organization committed to raising money for Alzheimers research. From past experience,
Question:
Cold calls Justine works for an organization committed to raising money for Alzheimer’s research. From past experience, the organization knows that about 20% of all potential donors will agree to give something if contacted by phone. They also know that of all people donating, about 5% will give $100 or more. On average, how many potential donors will she have to contact until she gets her first $100 donor?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Stats Data And Models
ISBN: 9780135163825
5th Edition
Authors: Richard D De Veaux, Paul F Velleman, David E Bock
Question Posted: