For the nonprofit ballet company in Problem 17 of Chapter 9, assume following percentages of donors and gift levels Gift Level Amount Number of Gift Benefactor $10,000 1 3 Philanthropist $5,000 3 7 Producer 's Circle $1,000 16 25 Director 's Circle $500 31 40 Principal $100 5 7 of solicitations Sol...

The ballet company model is given below Ballet Company Gift Level Amount Number of Gifts Gift Amount ...

For the nonprofit ballet company in Problem 17 of Chapter 9, assume following percentages of donors and

Question:

For the nonprofit ballet company in Problem 17 of Chapter 9, assume following percentages of donors and gift levels:

Gift Level	Amount	Number of Gift
Benefactor	$10,000	1-3
Philanthropist	$5,000	3-7
Producer's Circle	$1,000	16-25
Director's Circle	$500	31-40
Principal	$100	5-7% of solicitations
Soloist	$50	5-7% of solicitations

The company has set a financial goal of $150,000. How many prospective donors must they contact for donations at the $100 level or below to have a 95% chance of meeting this goal? Assume that the number of gifts at each level follow a discrete uniform distribution or a uniform distribution for the percentage of solicitations at the $100 and $50 levels.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...