Q:

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?

Accepted Solution

A:
Answer:Total number of  donor who will give first $ 100 = 100 people  Step-by-step explanation:Given that:Total percentage of people who donate when contact by phone 20%Percentage of donating people who will give $100 or more = 5% = 0.05Total number of donor who will give first $ 100 can be calculated as calculate the percentage of donor who will give first $ 100  [tex]P(X) =  0.05\times 0.20 = 0.01\ percent[/tex][tex]\mu_x = \frac{1}{0.01}[/tex]so, total number of the donor who will give first $ 100 = 100 people