Question
arts, Inc., a local fund-raising organization, is considering the feasibility of a fund-raising campaign to assist a youth organization in building a new recreation centerin
arts, Inc., a local fund-raising organization, is considering the feasibility of a fund-raising campaign to assist a youth organization in building a new recreation centerin College Bryan, Texas. Marts has been asked to determine whether this campaign would be successful in raising $1.5 million, the amount needed to construct and equip the center. Because unsuccessful fund-raising efforts have a negative impact on Marts? ability to obtain future clients and engagements, it has established a reliability of 99 percent; that is,Marts wants to have a very high level of confidence that the $1.5 million can be successfully raised in the local community. Because a total of 50,000 citizens live in the College Bryan area, the average gift necessary to ensure a successful campaign is $30 per person ($1,500,000 50,000).
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