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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?
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
Step 1
1 of 2For the number of contact before finding the first $100 donor: The probability of success is;
For the expected value;
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