Cold calls Justine works for an organization committed to raising money for Alzheimers research. From past experience,
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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?
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The donor contacts can be considered Bernoulli trials There ...View the full answer
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Related Book For 
Stats Data And Models
ISBN: 9780135163825
5th Edition
Authors: Richard D De Veaux, Paul F Velleman, David E Bock
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